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Salary Finance Raises $20m in Series B to Expand Business in US

The London based employee benefits platform has raised $20m in Series B financing, led by Blenheim Chalcot.

The money will be used to launch and scale the company in the US as well as to continue to support its growth in the UK. Salary Finance partners with employers to offer a benefit that helps employees move from debt to savings. All savings deposits and loan repayments are taken by salary deduction and Salary Finance’s SaaS-based platform works with existing payroll technology and processes.

Tags

wealth management, financings