SalaryFinance is a FinTech business with a social purpose. We help middle-to-low income employees improve their financial health. We do this by enabling them to payoff their debt quicker, by dramatically reducing the interest on their debt.
Our platform consolidates existing high cost debt an employee has into a single low cost loan. We collect repayments from salary (not bank account), which reduces our costs and risk, the savings from which we pass on. We charge a single low interest to all employees, which is one-third the average bank rate. Interest savings equate to a pay rise of 2-3%.