Total amount raised
Latest funding date
Location
Salary Finance partners with employers to offer financial products and services that are linked to employees' salaries, including affordable loans, pay advances, and savings options.
Keep reading to explore the intricacies of Salary Finance's fundraising journey and the investors backing this innovative platform.
What Is Salary Finance?
Salary Finance, founded in 2015, is a financial services company based in London, England. The company operates within the financial wellbeing and employee benefits industry.
Salary Finance collaborates with employers to offer a variety of financial products and services aimed at enhancing employees' financial health. These include affordable loans, pay advances, savings plans, and financial education.
By focusing on responsible financial management, Salary Finance strives to make financial wellbeing accessible and straightforward for all employees. The company has garnered numerous awards for its innovative and socially responsible approach to financial services.
How Much Funding Has Salary Finance Raised?
- Seed Round
- Amount Raised: $1.5 million
- Date: June 2015
- Lead Investors: Blenheim Chalcot
- Series A
- Amount Raised: $20 million
- Date: October 2017
- Lead Investors: Legal & General
- Series B
- Amount Raised: $32.8 million
- Date: February 2019
- Lead Investors: Blenheim Chalcot, Legal & General
- Series C
- Amount Raised: $60 million
- Date: January 2020
- Lead Investors: Legal & General, Blenheim Chalcot
In total, Salary Finance has raised $114.3 million.
Key Investors
- Blenheim Chalcot
- Details: Blenheim Chalcot is a leading venture builder in the UK, with a focus on creating and scaling innovative businesses. Founded in 1998, it has a strong track record of nurturing successful companies.
- Investment Focus Areas: Fintech, Edtech, Healthtech, Media, IT Services
- Notable Investments: ClearScore, Agilisys, Hive Learning
- Legal & General
- Details: Legal & General is a multinational financial services company headquartered in London. It offers a range of services including life insurance, general insurance, pensions, and investments.
- Investment Focus Areas: Real Estate, Infrastructure, Clean Energy, Technology, Financial Services
- Notable Investments: Pod Point, Kensa Group, Pemberton
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Salary Finance and gather other critical business insights.
Sign up for free to start exploring the wealth of information available at your fingertips.
