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Salad Money logo — More Than Your Score

Salad Money

More Than Your Score

Founded 2018 United Kingdom London, United Kingdom 33 employees Debt Financing Total: $46.20M Finance

General Information

Company Name Salad Money
Founded Year 2018
Location United Kingdom London, United Kingdom +1
Employees 33
Industries Finance
Funding Stage Debt Financing
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About Salad Money

Salad Money is a UK-based finance startup with the mission of disrupting the toxic loan industry. Founded in 2018, it aims to provide small, affordable loans to public sector workers while fostering their financial well-being. The company operates as a for-profit social enterprise, pioneering responsible lending practices. Unlike traditional lenders, Salad Money does not rely on credit scores; instead, it leverages open banking for loan approvals. With its recent £1.20M debt financing investment from Ceniarth in October 26, 2023, Salad Money is further positioned to challenge the high-cost loan problem. Their unique approach includes funding free financial well-being support and offering loans of £500 to £1000 with manageable repayment terms. By empowering public sector workers to avoid predatory lending options, Salad Money seeks to alleviate financial stress and promote financial literacy. Through its commitment to responsible practices and transparent oversight, Salad Money stands out in the finance industry. By addressing immediate financial needs and investing in the long-term financial health of its customers, the company is poised to create a meaningful impact in the lending landscape.

Taxonomy: social enterprise, responsible lending, financial well-being, loan services, payroll deductions, open banking, public sector workers, financial education, ethical finance, credit scores, payday loan alternatives

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing •••••• 1
Investor
26 Oct 2023
Debt Financing •••••• - 06 Feb 2023
Debt Financing •••••• 1 •••• •••• 12 Aug 2021

Salad Money Alternatives & Competitors

Salad Money vs
WinSouth Credit Union
WinSouth Credit Union United States

Celebrating Life's Wins.

75 employees
Financial Services, Banking
Salad Money vs
ALEC
ALEC United States

More than just banking.

84 employees
Financial Services, Banking
Compare Salad Money vs ALEC
Salad Money vs
Castle Community Bank
Castle Community Bank United Kingdom

Savings and loans. Fair and square.

39 employees
Finance, Financial Services
Compare Salad Money vs Castle Community Bank
Also compare with: Salad Money vs UVA Community Credit Union UVA Community Credit Union

FAQ About Salad Money

More Than Your Score
Salad Money was founded in 2018.
Salad Money is headquartered in London, United Kingdom.
Salad Money operates in the following industries: Finance.
Salad Money has approximately 33 employees.
Salad Money has completed 3 funding rounds, raising a total of $46.20M. The latest funding stage is Debt Financing.
Top alternatives and competitors to Salad Money include WinSouth Credit Union, ALEC, Castle Community Bank, UVA Community Credit Union, VIKAS Group. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Salad Money and WinSouth Credit Union are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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