Fintech Salary Finance secures £300m JP Morgan credit line

One of Britain's biggest workplace lenders has secured a £300m credit line backed by the Wall Street behemoth JP Morgan as it seeks to add to a roster of clients that includes Tesco and Tesla.

The agreement takes the total amount of debt funding for loans raised by Salary Finance to about £800m since its launch in 2015. Salary Finance offers a range of payroll-deducted loans to the employees of its clients, which include 20% of the FTSE-100 and a total of more than 4.5 million workers.The fintech believes it is well-positioned to grow strongly because the cost-of-living crisis has strengthened companies' focus on employees' financial wellbeing.

How much is sajidjavid making out of it?

Look, it's the you will rent everything gang. Joy

JP Morgan, Stanley, chase, Goldman Sachs, black rock and vanguard should be banned from the UK economy

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Online retailer ASOS recruits company doctor to fashion turnaroundASOS has appointed Scott Millar, a senior restructuring executive, to join its finance department amid discussions with the Top Shop owner's syndicate of lenders, Sky News learns.
Herkunft: SkyNews - 🏆 35. / 67 Weiterlesen »