Credigo provides employers with an on‑demand salary‑advance benefit that lets employees access earned wages early at no cost to the company. By integrating with existing attendance or HRMS platforms in as little as ten days, the service reduces financial stress, boosts retention and productivity, and ties loan amounts to employee regularity. This turnkey solution enhances a benefits package while promoting workforce stability and satisfaction.
Funding
Funding not disclosed
Founders
Product
Problem
Many employees face cash‑flow gaps between pay periods and must rely on high‑interest loans or credit cards to cover urgent expenses, while employers lack a low‑cost way to support their workforce’s financial wellbeing.
Solution
Credigo offers an Earned Wage Access platform that lets employees request advances on their earned but unpaid salary at any time before payday. The service integrates with the employer’s HR, payroll, or attendance system within ten days, automatically calculating eligibility based on attendance and regularity. Employees use a mobile or web app to withdraw any amount up to their eligible portion, paying only a modest transaction fee and no interest. Advances are repaid by automatic deduction from the next payroll, eliminating risk to the employer and preserving cash flow. By providing on‑demand, interest‑free access to earned wages, Credigo reduces financial stress, improves employee retention, and boosts productivity.
Target Audience
Credigo is aimed at midsize to large enterprises across private, public, non‑profit, and government sectors that want to enhance their benefits package and support the financial wellness of on‑roll and off‑roll employees.
Features
- Seamless integration with existing HRMS, payroll, or attendance systems in as little as 10 days
- Real‑time eligibility calculation based on attendance and punctuality, encouraging accountability
- Mobile (Android/iOS) and web app allowing employees to request any amount up to their earned salary, with no interest charges
- Transaction‑fee model for employees only; employers incur no fees, liabilities, or impact on working capital
- Automatic payroll deduction for repayment, with support for multiple withdrawals per pay cycle
- Customizable employer settings for maximum withdrawable percentage and transaction fee structures