Salary Finance

CEO Asesh Sarkar introduces you to Salary Finance

Salary Finance is one of the UK’s fastest growing free employee benefits.

Who we are

Salary Finance has grown from an idea in 2015 to a breakthrough FinTech platform and movement today. We support a community of 4M employees across 575 clients (inc 20% of the FTSE 100) in the UK and US, and provide a suite of financial employee benefits, to help employees improve their financial health and happiness. Our platform provides salary-linked savings, loans, pay advances, insurance and financial education. We are a company with 200 brilliant and passionate colleagues in 3 countries and to have the backing of great investors (Blenheim Chalcot, Legal & General, Experian, Goldman Sachs, Royal London) with £100M in equity and £500M in debt funding raised to-date.

Our social mission is deeply intertwined with our expertise in financial technology. All of the benefits we offer—simple savings, early access to earned pay, affordable loans, and insurance—are fully accessible via our custom-built digital platform. This allows us to deliver the simplest, quickest, and most secure customer journeys possible.

We have received 70+ recognitions for our products and societal contributions. Among them, we are particularly proud to have been recognised as ‘Responsible Business of the Year’ by The Prince’s Responsible Business Network (BITC), in addition to being awarded ‘Best Financial Wellbeing Provider’, ‘Ethical Financial Services Provider of the Year’ and ‘Consumer Champion of the Year’ in 2020 alone.


Our industry recognitions

BEST FINANCIAL WELLBEING PROVIDER OF THE YEAR | The Corporate Adviser – 2020 Winner

ETHICAL FINANCIAL SERVICES PROVIDER OF THE YEAR | MoneyAge Awards – 2020 Winner

LOAN PROVIDER OF THE YEAR | MoneyAge Awards – 2017, 2018 and 2019 Winner

EMPLOYEE BENEFITS INNOVATION OF THE YEAR | WSB Awards – 2019 & 2018 Winner

WORKPLACE SAVINGS & BENEFITS INITIATIVE OF THE YEAR | WSB Awards – 2019 Winner

RESPONSIBLE BUSINESS OF THE YEAR | The Prince’s Responsible Business Network – 2018 Winner

For a complete list of our awards, click here

Latest from Twitter

Some Business Stats

Providing employee financial wellbeing solutions to over 1 million employees across the UK and the US.

Impact Stories

For Employers

One in three employees say their work is negatively impacted by money worries. To address this, SalaryFinance provides employers with a cost-and-risk-free employee benefit, which helps their staff to access valuable and ethical financial well-being products, delivered via salary deduction.

For Employees

SalaryFinance help employees take control of their money by:

  • Accessing affordable loans at interest rates from 3.9% APR. Our customers save over £500 in interest costs on average.
  • Boosting short-term savings creating a secure safety net by saving direct from their salary.
  • Understanding their money better: Our educational services and tools can help customers understand their money better, and how to prepare for their future.

Nutshell

The leading global employee financial wellbeing platform

Sector

FinTech

Milestones

  • 2015:

    May

    Business founded

    October

    Launched flagship loans product

  • 2017:

    April

    Launched financial education portal

    September

    Secured Series A funding from L&G & BC (£15M)
    Named ‘Wellbeing Initiative of the Year’

  • 2018:

    February

    Launched market-first employee savings product

    May

    Secured Series B funding (£15M)

    June

    Launched operations in the US

    July

    Named ‘Responsible Business of the Year’ by BITC

  • 2019:

    January

    Launched salary advance product

    April

    Secured Series C funding (£38.5M)

    May

    Launched Help to Save Product with UK Government

    September

    Named ‘Benefits Innovation of the Year’ for 2nd year in a row

    November

    Named ‘Loan Provider of the Year’ for 3rd year in a row

  • 2020:

    November

    Reached 4 million employees in UK and US

    December

    Launched insurance product with L&G
    Secured Series D funding (£20M)
    Named ‘Best Financial Wellbeing Provider of the Year’

Jobs at Salary Finance

Careers with Blenheim Chalcot

Explore our open roles and career programmes

BC Gazzel