Onsi is a benefits platform that provides on-demand pay, flexible rewards, and tailored insurance for shift workers, allowing businesses to enhance employee engagement and retention. By utilizing shift data, Onsi enables companies to offer instant access to earned wages and customizable benefits, addressing the need for financial security and motivation among hourly employees.
Funding
$35M raised to dateRaised 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.
ZIFounders
Product
Problem
Shift workers often lack access to traditional employee benefits, leading to financial insecurity and reduced job satisfaction. This absence of benefits can result in higher turnover rates and difficulty attracting talent, particularly during peak seasons.
Solution
Onsi provides a benefits platform tailored for shift workers, enabling businesses to offer on-demand pay, flexible rewards, and tailored insurance options. By leveraging shift data, Onsi allows companies to provide instant access to earned wages through the Onsi app, along with customizable rewards such as fuel vouchers and night-shift bonuses. Additionally, Onsi offers insurance coverage designed for when workers are off sick or have an accident, providing financial security and peace of mind. The platform allows employers to adjust benefit levels based on completed shifts, encouraging engagement and retention, while also tracking program performance per worker and region.
Target Audience
Onsi primarily targets businesses with shift workers, including operations, marketing, people, insurance, and executive teams, across various industries such as delivery services, healthcare staffing, and transportation.
Features
- On-demand pay: Workers can access their earned pay at any point via the Onsi App, with customizable fee levels and drawdown frequency.
- Flexible rewards: Employers can adjust benefits and rewards based on completed shifts to incentivize engagement and retention.
- Tailored insurance: Access to insurance coverage built by experts and backed by industry giants, providing financial security for workers.
- Onsi App: Easy-to-use app for workers to view available earned pay, drawdown funds, and make in-app insurance claims.
- Benefit Level Adjustment: Ability to change worker benefit levels based on work done, and send instant rewards to incentivize engagement.
- Performance Tracking: Monitor program performance per worker and region, tracking benefit uptake and verifying claims.