Betting big on the potential of the pay-on-demand service, Polish fintech startup Flexee has raised €2.8 million in funding. The round was led by investment firm JR Holding. The extra cash will drive the expansion of the platform within Europe and boost its technology development.
The startup provides access to their salary in real-time. It also allows users to withdraw the money earned on demand – in advance, without waiting until payday. The service caters to all those who might need money before payday due to unexpected expenses. Regardless of the type of contract an employee has with their employer, Flexee allows them to draw pay even for each day of work. The money shows in the employee’s bank account within seconds after pressing the ‘Withdraw’ button.
The startup was founded in the wake of the ‘salary on demand’ trend popular in Anglo-Saxon countries and changes in the economy moving towards the use of ‘on-demand’ services and products, which are gaining an ever-expanding group of supporters.
Andrzej Nowak, CEO and founder, Flexee said: Employees value the modern benefit very highly, while employers see the value in the strategy of appreciating their employees, which will have a measurable impact on strengthening their loyalty, increasing motivation and, as a result, boosting the business of employers who pay attention to the needs of their employees.