About SalaryFinance
SalaryFinance is a company based in London (United Kingdom) founded in 2015 by Daniel Owen Cobley and Daniel Shakhani.. SalaryFinance has raised $293.17 million across 7 funding rounds from investors including Experian, Legal & General and Community Investment Management. SalaryFinance has completed 1 acquisition, including Neyber. SalaryFinance offers products and services including Borrow, Advance, Save, and Help to Save. SalaryFinance operates in a competitive market with competitors including Neyber, Doreming and FairQuid, among others.
- Headquarter London, United Kingdom
- Founders Daniel Owen Cobley, Daniel Shakhani
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Sectors
TechnologyFinancial Services
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Email
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Phone
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Website
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Social
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- Legal Name Salary Finance Limited
- Date of Incorporation 09 Jul, 2015
- Jurisdiction LONDON, UNITED KINGDOM
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Products & Services of SalaryFinance
SalaryFinance offers a comprehensive portfolio of products and services, including Borrow, Advance, Save, and Help to Save. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides affordable loans with salary-linked repayments for debt management.
Allows access to earned pay early for unexpected expenses.
Facilitates automated salary-linked savings for future planning.
Offers rewarded savings program with tax-free bonuses.
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Funding Insights of SalaryFinance
SalaryFinance has successfully raised a total of $293.17M across 7 strategic funding rounds. The most recent funding activity was a Series D round of $150 million completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series D — $150.0M
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First Round
First Round
(20 Feb 2015)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2021 | Amount | Series D - SalaryFinance | Valuation | Community Investment Management |
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| Dec, 2020 | Amount | Series D - SalaryFinance | Valuation | Experian , Legal & General |
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| Apr, 2019 | Amount | Series C - SalaryFinance | Valuation | Legal & General , Blenheim Chalcot |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SalaryFinance
SalaryFinance has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Experian, Legal & General and Community Investment Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Diversified investment management services are offered to clients.
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Founded Year | Domain | Location | |
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Digital venture accelerator firm
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Founded Year | Domain | Location | |
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Experian is recognized as a leader in credit reporting and financial services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SalaryFinance
SalaryFinance has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Neyber. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Salary-linked loans are offered to employees via an online platform.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SalaryFinance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Salaryfinance Comparisons
Competitors of SalaryFinance
SalaryFinance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Neyber, Doreming and FairQuid, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Salary-linked loans are offered to employees via an online platform.
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| domain | founded_year | HQ Location |
Real-time payroll access is enabled for unbanked daily-wage workers.
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| domain | founded_year | HQ Location |
Financial wellbeing platform offering education, savings goals, and community fund access for employees.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Salaryfinance
Frequently Asked Questions about SalaryFinance
When was SalaryFinance founded?
SalaryFinance was founded in 2015.
Where is SalaryFinance located?
SalaryFinance is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is SalaryFinance a funded company?
SalaryFinance is a funded company, having raised a total of $293.17M across 7 funding rounds to date. The company's 1st funding round was a Series C of $32.8M, raised on Feb 20, 2015.
What does SalaryFinance do?
Salary Finance was established in 2015 in London, United Kingdom, within the financial technology sector. An online platform is operated to enable employer-sponsored lending. Access is provided for employees to log in and submit applications for various financing requirements. Loan conditions are established through the platform, with repayments arranged via direct payroll deductions to ensure streamlined processing.
Who are the top competitors of SalaryFinance?
What products or services does SalaryFinance offer?
SalaryFinance offers Borrow, Advance, Save, and Help to Save.
How many acquisitions has SalaryFinance made?
SalaryFinance has made 1 acquisition, including Neyber.
Who are SalaryFinance's investors?
SalaryFinance has 4 investors. Key investors include Experian, Legal & General, Community Investment Management, and Blenheim Chalcot.