Payro provides an earned‑wage access platform that lets employees withdraw up to 50 % of their accrued salary at any time via a mobile app, with only a small flat fee and no interest. The service integrates directly with payroll systems to automatically reconcile advances on the next pay cycle and includes a financial‑wellness hub offering budgeting tools, education, and 24/7 advisor access. Employers gain reduced administrative overhead, lower turnover, and real‑time analytics on employee cash‑flow and engagement.
Funding
Funding not disclosed
Founders
Product
Problem
Employees often face cash‑flow gaps between pay periods, leading them to rely on high‑cost loans or overdraft fees to cover unexpected expenses. Employers consequently see higher turnover, lower productivity, and increased administrative burden handling advance requests.
Solution
Payro offers an earned‑wage access (EWA) platform that lets workers withdraw up to 50 % of their accrued salary at any time, without interest or hidden fees. The service integrates with payroll systems to automatically deduct advances from the next paycheck, providing real‑time visibility of earned wages. In addition, Payro delivers a financial‑wellness hub with budgeting tools, educational content, and on‑demand access to financial advisors, helping employees manage money more effectively. Employers benefit from reduced advance‑request processing, lower turnover, and improved employee engagement, while maintaining full transparency through a dashboard that tracks usage and cash‑flow impacts.
Target Audience
Payro is targeted at mid‑size to large employers seeking to enhance employee retention and productivity, as well as the employees of those organizations who need flexible access to earned wages and financial‑wellness resources.
Features
- Instant access to up to 50 % of accrued wages via a mobile app, with a flat withdrawal fee of 9.5 ₪ (subsidizable by the employer)
- Seamless payroll integration that automatically reconciles advances on the next pay cycle, eliminating manual processing
- Real‑time earnings dashboard for employees to monitor accrued salary and manage budgets
- Embedded financial‑education library and 24/7 access to certified financial advisors
- Employer analytics portal showing advance usage, cash‑flow effects, and employee engagement metrics
- No interest charges or traditional loan terms; advances are treated as earned income, not debt