New paytech start-up Saltare launches in the UK

Bristol-based fintech Saltare has launched in the UK with the aim to help businesses improve cashflow, strengthen supply chain relationships and “give more certainty” to payments.

Saltare launches in the UK

The firm says it was founded on the basis that “82% of businesses fail not because of lack of profit, but through lack of cash”.

Saltare aims to unlock the “almost £200bn” tied up in unpaid invoices by giving large organisations the tools and incentives to pay suppliers and partners more quickly.

The paytech claims it will use intuitive, mobile-led technology to enable buyers to manage their supply chain in a way that works for them and their key suppliers.

Saltare will look to address the needs of more challenging sectors where businesses have an extended supply chain, ranging from public sector and local authority bodies to retail and construction.

“By shifting the debate away from the negative commentary around ‘late payment’ and moving it towards a more positive conversation about ‘early payment’, we will do much more than simply improve payment performance,” says Anthony Persse, founder of Saltare.

“We will help create more jobs, deliver greater levels of investment and generate deeper social value with long-term sustainability at a time when the country needs it most.”

Saltare says it will announce new senior appointments across its sales and marketing teams in the coming weeks to support its launch.