Ethex has launched a new bond offer for Salad Money, an affordable lender that provides credit to NHS and public sector workers who are often excluded from mainstream financial services.
The offer allows individual investors to support fair lending through an Innovative Finance ISA (IFISA), with investments starting from £100.
Salad Money lends to tens of thousands of borrowers each year, offering an alternative to high-cost or illegal lenders.
By assessing affordability rather than relying solely on credit scores, the company is able to provide credit to individuals who would otherwise be turned away and customers typically save hundreds of pounds
The bond offer follows media attention on the UK’s unaffordable debt crisis, including recent coverage of Michael Sheen’s decision to use his own savings to clear £1m of debt for families in Port Talbot.
Salad Money was featured in Sheen’s documentary as an example of a fair and affordable lender.
This is the third time Salad Money has appeared on Ethex.
Its previous two bond offers were oversubscribed, raising more than £1.7m to expand fair lending access.
Lisa Ashford, CEO of Ethex, said: “Too many people in the UK are being let down by our financial system, and it is everyday investors who are stepping in to help.
“This bond offer beautifully illustrates the democratisation of finance—something we at Ethex believe in passionately. We’re very pleased to welcome Salad Money back to the platform.”
Tim Rooney, CEO of Salad Money, said: “Fair lending shouldn’t be a privilege—it should be accessible to all. Thanks to impact-driven investors, we can continue to challenge high-cost credit and offer a better alternative to people who need it most.”
