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SALT closes pre-seed funding round

Simplifying the complex process of boat buying, SALT has closed an over-subscribed, pre-seed funding round.

Positively changing the future of boat finance with its one-of-a-kind fintech solution, SALT offers customers an efficient and straightforward way to achieve boat ownership.

Looking to an expected product launch in the autumn of 2022, SALT recently closed its over-subscribed pre-seed funding round, further validating its unparalleled business potential, with seed funding to further facilitate company growth to follow soon. Combining advanced finance technology with a fully supported journey, the seamless SALT app will enable individuals to complete a boat purchase underpinned by professional advice and so take to the water at the earliest opportunity.

Simplifying the often daunting and complex process of boat buying, SALT is an innovative start-up harnessing certified open banking technology which in turn improves decision and processing times, alongside an entirely paperwork-free experience. Delivering instant credit decisions on a 24/7 platform means interactions and transactions are in real-time between borrowers and boat dealers to move at a pace that suits all parties involved. Convenience too plays a significant role, with digital in-life administration benefitting clients to ensure full control over all procedures.

Joe Dalton, CEO at SALT, commented on its mission to simplify boat finance: "Currently boat finance is somewhat broken with relatively few funders to choose from and limited options that encourage clients to actively proceed. Add to this the painfully slow decision times and overall difficulty tracking applications, it is clear the entire process has become both time-consuming and frustrating. At SALT, we offer an exclusive one stop boat shop with seamless engagement throughout the purchase journey, plus the provision of full support for insurance, warranty, moorings or service contracts whilst delivering unrivalled convenience for sailors.”

Buying a boat with a view to getting afloat should be an exciting and enriching experience, rather than the reality of often confusing policies and perplexing processes. Eagerly anticipated in the marine industry, SALT will be a unique fintech solution provider for keen boaters looking to make an uncomplicated purchase and indulge their passion on the water.

Credit: British Marine


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