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.”
