Daniel Shakhani and Asesh Sarkar
Co-founders, Salary Finance
Daniel Shakhani and Asesh Sarkar co-founded Salary Finance in 2015 to solve a big problem in society: 40% of working people have less than £100 in savings are financially fragile. The platform provides a comprehensive set of financial education, products and services, all designed to improve the financial health of a company’s employees, and in doing so, improve their engagement at work. Its products range from savings directly from pay, low interest loans, free credit scores and reports and budgeting tools.
With Salary Finance, an employee can receive a low-interest loan to repay existing debts like credit cards, and then have repayments taken directly out of their payroll, saving £500 on average in interest costs. The business has grown exponentially and now reaches hundreds of thousands of employees across all sectors. Clients include retailer Dunelm, Worldpay, Saga, Timpsons and Hackney council.
“We are making a real difference which is measurable, scalable and sustainable in the UK and internationally,” says Daniel. “Do what you love and gain a balanced and meaningful life. A life driven by only financial reward is not usually a fulfilled one.”