The business will benefit from the experience of Macri-Waller whose employee benefits company boasts clients such as M&S, E.On and the AA, offering benefits packages to more than a million employees in the UK and internationally.

Macri-Waller brings 15 years of experience helping companies build happy and more productive workforces. Included in the London Stock Exchange’s 1000 Companies to Inspire Britain Report last year, Benefex is acknowledged as one of the UK’s leading employee engagement and employee benefit providers.

Macri-Waller joins SalaryFinance’s founders, Asesh Sarkar, CEO; Dan Cobley, Google UK’s former managing director; and entrepreneur Daniel Shakhani.

Matt Macri-Waller commented: "I'm really delighted to join SalaryFinance. Financial health is an increasingly important area in employee benefits and SalaryFinance has a very innovative and effective solution. The business has the potential to make a very positive difference to the lives of many hard working employees.”

Launched in 2015, SalaryFinance offers businesses in the UK a financial employee benefit that allows their staff to consolidate their personal debts and repay them via a low interest, fixed-rate loan. Loan repayments are collected directly from employee payroll, rather than direct debit, reducing the cost and interest rate to around one third of the market average. SalaryFinance integrates rapidly and seamlessly with existing payroll systems and processes. There is no cost or liability for employers.

SalaryFinance’s research indicates that the service has significant benefits for companies and employees alike. Through reducing employee financial worries, SalaryFinance’s founder Asesh Sarkar says that the service will offer marked benefits at company level. These include increased productivity and retention, as well as reducing absenteeism.

Mr Sarkar says: “SalaryFinance is a FinTech business with a social purpose - to help hard working people in the UK get out of debt quicker, save more and improve their financial health We are delighted to have Matt onboard and to benefit from his experience in building a great employee benefits company.”