Salary Finance Raises $32.8M Series C to Accelerate US Growth

Salary Finance has raised $32.8M (approximately £25M at spot rates) in a Series C funding round to support its growth in the UK and US and to scale new products and services.

The round was led by existing investors Blenheim Chalcot and Legal & General. The company, operating from London and Boston, is partnered with more than 150 employers covering over one million employees, offering financial education, salary-linked loans, savings and pay advances.

In the US, the new capital will be used to build out savings product offerings, expand partnerships, and grow the US team. Alongside the round, Salary Finance announced that SoFi co-founder Dan Macklin would be joining as CEO of Salary Finance Inc.

Co-founder and Global CEO Asesh Sarkar continues to lead the group from London.