SalaryFits is among the awarded companies at the British Brazilian Awards
The company was recognized for stimulating business between both countries and promoting innovation with a digital platform that brings sustainability and financial inclusion throughout the nation.
In the United Kingdom, as it happens on other countries, people are struggling to have access to fair finance and sustainable products. For example, payday loans are one of the most popular credit modalities in the market, even though the interest rates offered are extremely high with APRs that can reach 1600% per annum.
Therefore, to address the current situation, there is a need in the market for more transparent and affordable solutions.
And this is exactly what SalaryFits’ bring: a platform that makes sustainable credit a reality and empowers individuals through their salaries. With the technology, employees have access to very competitive rates without the usual bureaucracies involved in the credit application process.
“Within this context, we see a great opportunity for our business. With our technology we are able to diminish default rates with a new risk assessment tool, while offering accessible financial products to employees regardless of their income level.” Said Delber Lage, CEO of SalaryFits UK.