Salary Finance Raises $150 Million In Debt Funding From Community Investment Management

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Salary Finance, a provider of financial education and salary-linked benefits for employees, has announced a new round of debt funding of $150 mn from Community Investment Management, an institutional impact investment firm. The new funding of $150 million over the next three years will be used to help fund low-cost loans for working Americans struggling with financial stress.

Founded in 2015 by Asesh Sarkar, Dan Cobley and Daniel Shakhani, Salary Finance is a fintech startup that partners with employers to improve employee wellbeing by helping get people out of debt and into saving.

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