Salary Deduction Credit and benefits

A platform that allows products or services providers to integrate their systems with payroll information of entities, providing access to a new risk assessment tool, as well as the possibility of deducting installments directly from one’s salary.

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The Platform

  • Cloud based: 100% online operation
  • Currently integrated with more than 100 payroll systems
  • A well trained and skilled team ready to make it work

OVERVIEW

A Problem that’s worth solving

The financial market, despite being a relevant one, has been facing significant challenges and changes during the last couple of years. On the one hand, many individuals face trouble in having access to financial products and services, as well as they are often subject to high interest rates. On the other, financial institutions have to maintain an expensive and time consuming structure in order to be able to sell, manage, and recover outstanding payments from its clients. The high interest rates, and the dificulties on acessing those products are a result of the combination of default risks, expensive transaction costs and the lack of a solution that is able to properly address those issues.

 

A Sustainable Solution

A platform that allows products and services providers to integrate their systems with payroll information of entities, providing access to a new risk assessment tool, as well as the possibility of the deducting the installments directly from one’s salary. Besides, trough our commercial and technical teams – involved in integrating public and private entities’ payroll systems with the platform – we provide an easy and convenient commercial channel for the providers to reach a large amount of potential clients, without the need of an expensive sales effort (usually directed on an individual basis approach). All of these create a win-win environment, which reduces the transaction costs and assures the feasibility of a sustainable financial landscape.

 

Our focus

Employed individuals are the key element of this business model. Through our platform, financial providers can have easy access to them, as well as they are able to deduct eventual installments directly from their payroll, without bureaucracy or significant costs. This model is particularly interesting for individuals who have difficult access to credit lines, or those who already have relevant burden, and need to find an alternative credit to consolidate their debts at a lower cost.

  • Portugal: SalaryFits and Banco BNI Europa launch PuzzleFits

    The new solution was presented in Lisbon during the event Expo RH, on March 29th and 30th 2017   SalaryFits and Banco BNI Europa, a Portuguese digital bank, have just consolidated a partnership to introduce an innovative solution that will both improve and change the way credit......

  • Financial Inclusion: HR’s revolutionary tool for Happy Employees

    By Alvaro Amorim, CEO SalaryFits India   Financial Inclusion is relatively new in India but the timing is just perfect. In the cashless and digitised economy it aims to provide easy & affordable financial services to people. This model is particularly interesting for employees who have......

  • SalaryFits takes part in the Fintegrate Zone event in India

    Mumbai / 1st March / 2017 From March 1 to 3, the event will gather more than 250 companies in Mumbai   SalaryFits (www.salaryfits.com), the fintech startup that promotes financial inclusion, will have the honor to present its solution during the Fintegrate Zone 2017 event, which......

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Commercial team

General enquiries

info@salaryfits.com

Portugal

Rua Fernanda Seno, 6 – Évora – CP 7005-485

info.portugal@salaryfits.com

UK

Level 39 – One Canada Square – Canary Wharf – London

info.uk@salaryfits.com

India

127 Damji Shamji Udyog Bhavan, Veera Desai Road, Munbai, Munbai City, Maharashtra, 400053

info.india@salaryfits.com

Mexico

Calle Pedregal, 24 Piso 3 – Torre Virreyes
Colonia Molino del Rey, Delegación Miguel Hidalgo
Mexico – DF – C.P. 11040

info.mexico@salaryfits.com