In compliance with EU internet privacy laws, exiting this message attests that you, the user, consent to the use of cookies on this website. We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
JPW Created with Sketch.
  • Property
    • Germany
    • United Kingdom
    • United States
    • Australia
    • India
    • ----------------
    • Europe
    • North America
    • Asia
    • Australasia
    • South & Central America
    • Africa
  • Jobs
    • Germany
    • United Kingdom
    • United States
    • Australia
    • India
    • -------------
    • Europe
    • North America
    • Asia
    • Australasia
    • South & Central America
    • Africa
  • Autos
    • Germany
    • United Kingdom
    • United States
    • Australia
    • India
    • -------------------
    • Europe
    • North America
    • Asia
    • Australasia
    • South & Central America
    • Africa
  • Conferences
  • Consulting
  • Partners
  • Sign In
  • Create Account
  • Logged In As:
    • My Account
    • Sign Out
  • Sign In
  • Create Account
  • My Account
  • Sign Out
Home » FlexxPay secures seven-figures towards employee salary advances

FlexxPay secures seven-figures towards employee salary advances

09 July 2019
Jobs Editor
No Comments

The Dubai-based startup that gives employers the ability to offer wage advances for their employees, FlexxPay, has recently announced a successful investment from a mixed group of individuals and corporate investors that adds up to seven figures in USD.

Founded in 2018 by Michael Truschler and Charbel Nasr, FlexxPay is a financial wellness platform that partners with employers to offer their employees salary advances for their already earned income. The startup that claims to be first of its kind in the region, acts as an agent between the employers and their employees, allowing employees to access a portion of their already earned but unpaid salary at any time. The payments are made through Abu Dhabi Commercial Bank.

FlexxPay doesn’t charge any interest but has a small transaction fee. Michael Truschler, the Co-Founder and CEO of FlexxPay said that the fee is 10 percent of what the banks normally charge. “We are a pure B2B business, i.e. we are signing with corporate clients. Once signed, their employee can use the platform. Through ADCB, the salary advances get processed on behalf of the employer. For the employer, he will see a rise in productivity and retention rates while saving time and money (from HR). We don’t charge the employer for the platform and don’t need to integrate with any of his systems.”

Read more here.

Join us November 12-15 for the Property Portal Watch Conference Madrid 2019.

899 limited tickets

Regional News Jobs Asia Company News Home Feature
  • Related Articles

    Mexico: Uber presents seven actions to improve passengers' security

    EasyMovie acquires €5M towards its employee video content-creator platform

Jobs Editor

CV-Library and WaveTrackR announce new integration with access to millions of CVs

More from this author

Post a comment to this article

Report Abusive Comment

Next Conference

  • BANGKOK CONFERENCE

     

    26 - 27 February 2020

    Radisson Blu Plaza Bangkok, Thailand
    View All Conferences

Latest News

  • Shutterstock_669147430

    OnTheMarket brings back its Chas & Dave commercial to Boxing Day through January

  • Shutterstock_10911014061

    Rightmove head issues response to critics on the company's service to agents

  • Shutterstock_7059138911

    Zoopla reveals ambitious plans for the next year

  • Nextseed

    NextSeed continues platform growth with first real estate offering

  • Eli-report

    New proptech platform Eli Report looks to help condo buyers

Most Popular

  • Shutterstock_1112049857

    Realestate.com.au looks to shake up industry by adopting US counterpart

  • Homsters-investment-image

    Homsters finalizes financing round led by Simon Baker and Ringier AG

  • Rhett-dallwitz-listng-loop-ceo

    Listing Loop looks to become Australia's new go-to real estate platform

  • Offerup

    OfferUp Auto reaches a new milestone as it continues to grow

  • Shutterstock_1140455708

    Report: Hemnet ranks top of most popular property portals in the world list

  • Home
  • Property News
  • Job News
  • Auto News
  • Conferences
  • Consulting & Venture Capital
  • Partners
  • About Us
  • Contact Us
  • Legal
  • Privacy Policy

Copyright ©2019. All Rights Reserved

Design, CMS, Hosting & Web Development :: ePublishing