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.

  • SalaryFits is nominated to India Fintech Awards 2017

    SalaryFits, fintech focused on financial wellbeing and inclusion, is among the companies selected to demo at the India FinTech Awards (IFTA) 2017, happening on the 10th of November, in Mumbai. The winner will get the prestigious ‘Fintech Startup of the Year’ award. “This event will......

  • SalaryFits promotes financial inclusion at 7th Entrepreneur India

    New Delhi, July 2017 – SalaryFits, fintech focused on financial health and inclusion, is one of the companies invited to present its platform at 7th National Convention Entrepreneurs & Start-Ups India 2017 Conference, on July 18th and 19th, in New Delhi. The event aims to......

  • SALARYFITS AT MONEY 2020 EUROPE

    SalaryFits, a Fintech focused on financial wellbeing and sustainability, was among the companies exhibiting at Money20/20 Europe 2017, held on June 26th to 28th, in Copenhagen, Denmark. The congress is one of the largest Payments and Financial services events in the World, and it covered......

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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