30 November 2023

Former head of Klarna UK Alex Marsh joins Salad Money

Written By FinTech Alliance in Lending

Former head of Klarna UK Alex Marsh joins Salad Money

Six months after leaving the Swedish BNPL giant, Alex Marsh is joining the community lender as a non-executive director

In brief:

- Launched in 2019, Salad Money provides an alternative to high-cost lending for workers in the NHS and public sectors who might have poor, thin or even non-existent credit scores.

- Salad Money, has surpassed £58m in total lending to more than 45,000 customers and now seemed like the right point on the company’s growth journey to join.

- Salad Money’s data-driven approach to lending particularly stood out to Marsh in terms of its mission.

What does this mean?

“I think one of the challenges we've seen in the UK has been around the data sources available to use to make good decisions and to make it, as much as possible, a level playing field for consumers and businesses to access credit,” Marsh told AltFi. "That's what struck me about Salad Money. It was quite brave. They've gone straight to open banking as the data source that they're using for their underwriting.”

Read more here

Up Next ...
05 December 2024

HSBC improves data access and operational efficiency with Starburst technology.

HSBC is making data that’s globally dispersed across heterogeneous sources instantly accessible, while ensuring enhanced compliance and significantly reducing operation...

05 December 2024

Abacus Group and Zero Networks Partner to Boost Network Security Across Financial Services

Strategic partnership delivers cutting-edge zero trust micro-segmentation to firms

05 December 2024

Zumo’s Amelie Arras Joins MENA Fintech Association's Sustainable Fintech Alliance as Co-Chair Alongside Gihan Hyde

this dynamic leadership duo is set to drive innovative and impactful initiatives aimed at advancing sustainability in the fintech and digital asset sectors....

04 December 2024

NatWest Group Innovation team launches new Fintech Growth Programme

The programme supports NatWest’s ambition of leading the future of banking with the hope that some of the participants will help drive the bank’s innovation pipeline....

More in Lending

TotallyMoney launches TotallySure

14 February 2024

Offering credit card applicants with pre-approval, and up to four ...

How automation in B2B underwriting is revolutionising business lending

04 December 2023

Taktile’s CEO Maik Taro Wehmeyer discussed how automated decision engines ...

Funding Circle and Atom Bank agree new £150m lending partnership

24 November 2023

Funding Circle and Atom Bank have entered a new lending ...

Atom Bank partners with Kamma

28 September 2023

UK challenger bank Atom is attempting to address the environmental ...

White Papers Lending

Fintech-led Digital Lending: Coming of Age

12 June 2023

A decade ago, not many of us would have envisaged how fintechs would change the credit landscape thr...

Articles Lending

The Real Effects of FinTech Lending on SMEs: Evidence from Loan Applications

20 December 2021

We show that FinTech lending affects credit markets and real economic activity using a unique data s...

Articles Lending

Lending in 2021, a year like no other

08 June 2021

2020 was certainly a year for the record books with a global health crisis that forced economic impa...

There are no Events in this category