FinTech platform Salary Finance raises $20m Series B

Salary Finance, a London, UK-based fintech financial wellbeing platform for employees, has secured $20m in Series B funding. The round was led by founding investor Blenheim Chalcot and multinational financial services company Legal & General.

Founded in 2015 and led by CEO Asesh Sarkar, Salary Finance provides a SaaS-based platform that allows employers to offer a benefit that allows employees to move from debt to savings. All savings deposits and loan repayments are taken by salary deduction, which creates a way for employees to manage their personal finances.

The funds will be used to launch and scale Salary Finance in the US, as well as to continue to support its growth in the UK.

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