Fundz

Salad Money Gets £40M Debt Facility To Offer Loans To Key Workers

PRIVATEFeb 06, 2023

Amount Raised

£40 Million

Round Type

Funding Round

Financial ServicesFinanceFintechLending

Description

Salad Money, a fintech providing credit services to NHS and public sector workers, has secured a £40m debt facility from a US fund.

Quick answer

Salad Money raised £40 Million in a Funding Round round, dated February 6, 2023.

How much did Salad Money raise?
Salad Money raised £40 Million in a Funding Round round on February 6, 2023.
What does Salad Money do?
Putting a stop to toxic loans..

Source: Fundz verified event record.

Who else raised in Financial Services and Finance around the same time

Companies in the same sectors as Salad Money that raised within 45 days of this round, from Fundz verified event records.

  • ID Finance raised $32M (Funding Round) on March 22, 2023.
  • Eightco Holdings raised $11M on March 15, 2023.
  • Natech raised an undisclosed amount (Funding Round) on March 13, 2023.
  • DirectID raised $9.6M (Funding Round) on February 22, 2023.
  • Montecito Medical Real Estate raised $50M (Funding Round) on February 21, 2023.
  • Mintoak raised $20M (Funding Round) on February 21, 2023.

Who to call at Salad Money, and when

A new round usually means Salad Money is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Salad Money raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Salad Money, from your own LinkedIn network

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Company Information

Company

Salad Money

About

Putting a stop to toxic loans... Public sector workers are being ripped off by toxic loan companies. Salad Money is here to change that. We provide small, affordable loans to meet people’s urgent needs now, and help develop their financial well-being so they can make good decisions with money in the future. We are a for-profit social enterprise: the first truly responsible lender of our kind. We believe lending should be fair and everyone should be treated equally. We wish we didn’t need to exist, but we do. Many people struggle when faced with unexpected costs. Rather than take advantage of money misery, we want to end it. Salad Money is different because: – We exist to solve the high-cost loan problem – Our service funds free financial well-being support in the form of benefits checking. – We behave responsibly and we invite scrutiny – We are overseen by an independent body – We use open banking for loan approval, not credit scores How does Salad Money work? We offer loans of between £500 and £1000, paid back over 12 or 18 months to public sector workers in the UK. The application process is quick and easy, and repayments are made via payroll or Direct Debit. By using Salad Money people can avoid extortionate payday lenders and unplanned overdraft fees. Knowledge is the key to power Meeting immediate money needs is important, but it’s not enough. We want people to be able to improve their financial knowledge and live without money-related stress. That’s why we use our profit to pay for personalised financial well-being for all workers.

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Salad Money raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.