Syed Ali
CEO
myZoi
myZoi provides a payroll‑adjacent platform that lets employers onboard underbanked employees using only a passport, then automatically deposits salaries into a digital wallet and prepaid card on day one. The multilingual mobile app enables workers to receive, spend, save, budget, and remit money, while integrating with existing payroll systems and offering dedicated corporate support for smooth implementation.
- Financial Technology
- HR Technology
- Software Only
Updated 5 months ago
Funding
Raised to date
$14MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Funding rounds are not available yet.
Founders
Product
Problem
Many companies employ workers who lack bank accounts or access to traditional financial services, leading to onboarding delays, payroll complications, and reduced employee financial well‑being. Without a simple, compliant way to deliver wages, employers face administrative overhead and employees experience cash‑flow uncertainty.
Solution
myZoi offers a payroll‑adjacent platform that lets employers onboard employees using only a passport, eliminating paperwork and accelerating start‑up. Salaries are routed through the employer’s existing payroll system and automatically deposited into a myZoi digital wallet and prepaid card on the employee’s first day. The multilingual mobile app enables users to receive, spend, save, budget, and remit money securely, supporting both local and cross‑border transactions. A dedicated corporate support team assists with implementation, training, and ongoing service, ensuring a smooth transition for HR and finance teams. The solution is built to integrate with existing payroll workflows without requiring changes to core payroll software.
Target Audience
myZoi is aimed at midsize and large enterprises in the UAE and Gulf region that employ underbanked or migrant workers and need a frictionless payroll‑to‑wallet solution.
Features
- Passport‑only employee onboarding with no additional documentation
- Seamless integration that pushes payroll data into a myZoi wallet and prepaid card
- Multilingual mobile app for salary receipt, budgeting, savings, and international remittances
- Prepaid card issuance on day one, providing immediate access to earned wages
- Dedicated corporate account manager for implementation, training, and support
- Compliance with UAE payroll and financial regulations, including real‑time reporting