Salary Finance lines up new backer in Experian with £20m fundraising

The new funding is expected to be used to accelerate Salary Finance's expansion into new product areas, at a time when millions of Britons have fallen behind on paying at least one household bill during the COVID-19 pandemic.

Asesh Sarkar, Salary Finance's co-founder and chief executive, said 2020 had been"a pivotal year" for the industry. "Salary Finance uses employment data and a salary-link to offer better structured and better value products, that help employees become financially healthier and happier."Experian said it had decided to invest in Salary Finance because of its presence in rapidly growing segments of the finance and technology industries.

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