Salary Finance
Financials
Estimates*
EUR | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Revenues | 3.4m | 3.9m | 8.1m | 15.0m | 20.6m |
% growth | - | 16 % | 106 % | 85 % | 37 % |
EBITDA | (9.2m) | (12.0m) | (10.0m) | (8.7m) | (7.9m) |
% EBITDA margin | (272 %) | (305 %) | (124 %) | (58 %) | (39 %) |
Profit | (9.5m) | (11.6m) | (13.9m) | (9.9m) | (11.8m) |
% profit margin | (279 %) | (294 %) | (171 %) | (66 %) | (57 %) |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
* | $6.1m | Early VC | |
N/A | Support Program | ||
* | £40.0m | Series A | |
* | $20.0m | Series B | |
N/A | Support Program | ||
$32.8m | Series C | ||
$27.0m Valuation: $164m 37.9x EV/LTM Revenues -12.4x EV/LTM EBITDA | Series D | ||
$150m | Lending Capital | ||
* | N/A | Acquisition | |
Total Funding | €126m |
Recent News about Salary Finance
EditSalary Finance is a financial technology company that aims to improve the financial well-being of employees by partnering with employers to offer financial education, tools, and products. The company operates primarily in the employee benefits market, targeting businesses that want to support their workforce's financial health.
Salary Finance provides a range of services designed to help employees manage their money more effectively. These services include salary-linked loans, savings programs, and financial education resources. The company also offers various financial calculators, such as mortgage, credit card, and budget planners, to help users make informed financial decisions.
The business model of Salary Finance revolves around forming partnerships with employers who then offer Salary Finance's services as part of their employee benefits package. This approach not only helps employees manage their finances better but also benefits employers by reducing financial stress among their workforce, which can lead to increased productivity and lower turnover rates.
Salary Finance makes money primarily through fees charged to employers for providing these financial wellness services. Additionally, they may earn interest from the financial products they offer, such as loans and savings accounts.
In summary, Salary Finance is dedicated to enhancing financial well-being by offering a suite of financial tools and education through employer partnerships. They operate in the employee benefits market, providing services that help employees manage their finances more effectively while benefiting employers through a more financially stable workforce.
Keywords: Financial wellness, employee benefits, salary-linked loans, financial education, savings programs, financial calculators, employer partnerships, workforce productivity, financial tools, fintech.