Pre-seed funding round completed for Salt’s boat buying app
Salt – a start up which says it simplifies the complex process of boat buying – says it has closed its over-subscribed, pre-seed funding round.
The company aims to deliver an app to facilitate boat buying and is looking at an expected product launch in the autumn of 2022. It’s hoping to create an entirely paperwork-free experience, with instant credit decisions on a 24/7 platform. Salt says it’ll use certified open banking technology to ensure interactions and transactions are in real-time between borrowers and boat dealers.
“Currently boat finance is somewhat broken with relatively few funders to choose from and limited options that encourage clients to actively proceed,” says Joe Dalton, Salt’s CEO. “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.”
