$20m investment brings London fintech Salary Finance to US

Fintech firm Salary Finance has raised an eight-figure investment to kickstart its expansion across the Atlantic.

The London-based company secured $20m (c.£15.5m) in a Series B round led by founding investor Blenheim Chalcot and financial services giant Legal & General.

Salary Finance will use the funding to launch and scale its financial wellbeing platform for employees in the US.

The firm said around 17 million working Brits have less than £100 in savings and the average debt has risen 26% since 2013.

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