SalaryFinance, the financial employee benefit provider, has announced the appointment of Marina Theodosiou as Head of Decision Science, with a brief to drive the development of the company’s credit risk function.
Theodosiou previously led Funding Circle’s risk and analytics team for a year and a half, helping the firm to reach its £1bn lending milestone in 2015. She also worked as an economist at the European Central Bank and held a number of positions in the decision science departments of fintech startups.
Drawing on over 10 years of experience in the financial industry, she will work alongside co-founders Asesh Sarkar, Daniel Shakhani and Google UK’s former managing director Dan Cobley.
Theodosiou is the latest senior hire to join SalaryFinance as the firm continues to scale its rapidly growing client portfolio.
Commenting on her appointment, Marina Theodosiou said: “I am delighted to join SalaryFinance, a very fast-growing company with amazing potential. The intersection of social purpose and innovation is a particular interest of mine and I am thrilled to pilot new models that will strengthen SalaryFinance’s ability to offer enormously valuable employee benefits to millions of UK employees.”
Launched in 2015, SalaryFinance offers businesses in the UK a financial employee benefit that allows staff to consolidate their personal debts and repay them via a low-cost, fixed-rate loan. Loan repayments are collected directly from 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.
Asesh Sarkar, SalaryFinance CEO and co-founder said: “We are delighted to welcome Marina to the SalaryFinance team. Her experience and insight will help to ensure we continue to grow our business in a smart and sustainable way. Importantly for us, she completely shares our passion for helping to improve the lives of middle to lower income earners by providing access to better value financial services”.