FinFit and Salary Finance US Unite to Serve 10 Million Employees
FinFit and Salary Finance US are joining forces to create a financial platform designed to serve more than 10 million US workers.
Although the financial terms of the merger were not disclosed, the new platform will combine both companies’ strengths in providing financial wellness benefits to employees in the wake of increased demand caused by the pandemic and rising costs of living.
The merged company will cater to half a million US employers, including Tesla, Allied Universal, and United Way, operating under the FinFit brand.
The updated platform will incorporate Salary Finance US’s financial wellness products, offering customized financial assessments, coaching, dashboard services, budgeting, savings accounts, and payroll-deducted earned wage access, advances, and loans.
FinFit CEO David Kilby will lead the merged organization, with Salary Finance’s co-founder Asesh Sarkar serving as president.
The combined platform aims to help employees achieve financial health and stability in today’s volatile post-pandemic environment.