Salary Finance, the U.K.-based salary-linked savings and lending platform for employees, has raised $32.8 million in Series C funding and named SoFi co-founder Dan Mackln as president of its new U.S. arm, Salary Finance Inc.

The funding will be used to expand the company's platform in the U.K. and U.S., and to develop new products and services, build out the company's savings product offering, grow the U.S. team and expand partnerships with other companies.

"Selecting Dan to spearhead the U.S. team was an easy choice because of our shared dedication to delivering financial products that create social good," Salary Finance CEO Asesh Sarkar told Mobile Payments Today via email. "In addition, Dan's market experience and business relationships will be an invaluable asset to our growth plan in the U.S."

Salary Finance works with more than 150 employers to help their employees reduce debt and build personal savings. The company also makes low interest loans to workers and helps companies develop financial wellness plans for their employees.

The company announced had plans in September 2018 to enter the U.S. market.