Salary Finance, a London, UK- and Boston, MA-based global provider of financial education and salary-linked savings and loans for employees, raised $32.8m in Series C funding.
The round was led by existing investors Blenheim Chalcot and Legal & General.
Led by Co-founder and Global CEO Asesh Sarkar, Salary Finance is an Employee Financial Wellness platform operating in both in the US and UK, and partnering with over 150 employers with over a million employees, offering financial education, salary-linked loans, savings and advances.
The company intends to use the funds to support its growth plans in the UK and US, and to develop and scale new products and services.
In the US, it plans to build out its savings product offerings, partnerships and US team.
The company also announced that SoFi co-founder Dan Macklin will be joining as CEO, Salary Finance Inc. (the US arm of the group).