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Salary Finance Secures $150 Million from Community Investment Management to Help Working Americans Move From Debt to Savings

Mar 18, 2021•over 4 years ago

Amount Raised

$150 Million

Boston

Description

Salary Finance, the leading global provider of financial education and salary-linked benefits for employees, announced a new round of funding today from Community Investment Management (CIM). The investment of $150 million over the next three years will be used to help fund low-cost loans for working Americans struggling with financial stress.

Company Information

Company

Salary Finance

Location

Boston, Massachusetts, United States

About

Founded in 2015, Salary Finance is an award-winning organization that partners with employers to offer financial wellness solutions that help employees be financially healthier and happier. A company underpinned by a social purpose, we're driven by an ambitious mission in the US: to help 10 million Americans out of debt and into savings. Salary Finance is a United Way Worldwide corporate partner and works with over 600 of the world's leading employers. Salary Finance is a Founding Member of Conscious Capitalism's Senior Leader Network, and a member of the American FinTech Council. To learn more, please visit www.salaryfinance.com/us.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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