Conister provides a £2m finance facility to Salad Money

Conister is pleased to provide a £2m finance facility to Salad Money to help their organisation expand.

Salad Money provides affordable short-term loans of up to £1,000 exclusively to NHS employees. It uses Open Banking credit decisioning to serve creditworthy borrowers who might otherwise struggle to access affordable credit and offers a free financial education tool. Salad Money’s ethos is that lending should be fair, for everyone.

Phillip Hyett, Finance Director, from Salad Money comments, “We are delighted to be partnering with Conister. This new facility will provide fast, fair, and affordable credit to thousands of NHS workers throughout the country, many of whom would otherwise be reliant on high-cost loans. It is also a further endorsement of our mission to widen financial inclusion through the use of Open Banking technology.”

Kai Hunter, Director of Conister “Conister is incredibly pleased to support the Salad Money team provide fair affordable lending to National Health Service employees. The whole country is immensely proud of NHS employees for their unwavering efforts throughout the pandemic. The NHS is a bastion of health and well-being across the U.K., free at the point of use, and its employees are its backbone. Conister is thrilled to indirectly assist these individuals to access affordable credit from Salad Money, utilising Open Banking. Conister passionately believes in Salad Money’s social objectives of fairness and equality, moreover, the Bank advocates the free financial education provided to help NHS employees make good financial decisions in the future”.