We are delighted to announce the appointment of Alex Marsh as CEO of Salad Group. Alex brings exceptional experience of the consumer credit market from his years at Klarna and has already made a significant impact since joining us as a Non-Executive Director in 2023.
Since issuing our first loan in 2019 Salad has pioneered Open Banking to power our proprietary decisioning software. Real-time access to applicants’ income and expenditure data allows us to provide affordable, responsible credit to consumers who do not meet the criteria of mainstream lenders.
Crucially, we help rehabilitate customers back to mainstream lenders by reporting their successful repayments back to credit reference agencies. We have grown fast: providing over £200 million in loans to more than 150,000 customers and with over 10,000 five-star Trustpilot reviews.
There is a major, and growing, challenge in the UK, with over 20 million consumers underserved and more than £5.6 million ‘credit invisible’. As data from our long-term partners, Fair4All Finance, has shown, £6.4 billion per year could be added to the UK economy if financial inclusion was improved.
Alex will oversee, align, and help scale our personal loans, technology and affinity propositions, and explore expansion to markets beyond the UK. Please join us in welcoming Alex to his new role as we continue to build a fairer, more inclusive financial system for all.
