SALT’s much-anticipated product launch will take place during autumn 2022. Having recently closed the pre-seed funding round, which was over-subscribed, a further seed funding will take place soon, which is predicted to carry equal popularity.  

Hosting the well-received SALT supporters and investors soft launch event at Shoosmiths, London on 19th May, attendees learned how the seamless app will positively change the future of boat finance.

SALT also shared the exciting news that Pantaenius UK Ltd has been confirmed as their insurance partner. Part of the global Pantaenius Group, renowned for providing outstanding insurance solutions for over 50 years, their range of products can be entirely tailored to both power and sail, supported by a 24-hour helpline. Following the announcement, Mike Wimbridge, Managing Director at Pantaenius UK commented, “We are delighted to be on board. SALT will revolutionise boat financing and we are thrilled to be part of the journey.”

Bypassing the reality of often confusing policies and processes, using the SALT app will make purchasing a boat an exciting and enriching experience once again. 

Joe Dalton, CEO at SALT, commented on their 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.”