Paket is a digital platform that facilitates payroll loans, early wage access, and FGTS withdrawals for employees, utilizing a streamlined online application process to enhance accessibility. The service addresses immediate financial needs by offering lower interest rates and flexible repayment options, ensuring users can manage their finances effectively without incurring additional monthly obligations.
Funding
$66.3M 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.
Founders
Product
Problem
Many Brazilian workers face financial constraints due to limited access to affordable credit options and the inability to access earned wages before scheduled paydays. Traditional loan products often carry high interest rates and rigid repayment terms, exacerbating financial instability for those with immediate needs or unexpected expenses.
Solution
Paketá is a digital platform that partners with employers to provide employees with access to payroll loans, early wage access, and FGTS (Fundo de Garantia do Tempo de Serviço) withdrawals. Through a streamlined online application process, Paketá offers lower interest rates and flexible repayment options tailored to individual needs. By integrating directly with payroll systems, Paketá enables employees to access funds quickly and manage their finances more effectively, reducing reliance on high-cost credit alternatives. The platform also offers "Quita Fácil," a debt consolidation product designed to lower interest rates and combine multiple debts into a single loan.
Target Audience
Paketá primarily targets employed individuals in Brazil who need access to affordable credit solutions and early access to their earned wages.
Features
- Online application process for payroll loans, early wage access, and FGTS withdrawals
- Integration with employer payroll systems for seamless access to earned wages
- Lower interest rates compared to traditional loan products
- Flexible repayment options aligned with employee pay cycles
- "Quita Fácil" debt consolidation product to reduce interest rates and simplify debt management
- Digital platform accessible via mobile or computer
- Partnership with QI SOCIEDADE DE CRÉDITO DIRETO S.A.