Sanaam is a fintech company that provides real-time applications for income streaming and tracking. Their platform enables users to monitor and manage their earnings as they accrue, offering immediate insights into financial flows.
Funding
Funding not disclosed
Founders
Product
Problem
Many employees face financial stress due to the traditional pay cycle, which can lead to reliance on loans and difficulty managing expenses between paychecks. Waiting for payday can create unnecessary anxiety and limit access to earned income when unexpected needs arise.
Solution
Sanaam is a financial wellness platform that allows employees to access a portion of their earned salary daily, providing an alternative to traditional bi-weekly or monthly pay cycles. Through the Sanaam app, employees can withdraw up to 70% of their accrued net income, giving them greater control over their finances and reducing the need for loans. The platform aims to improve employee financial well-being by providing instant access to earned wages and promoting better financial planning. Sanaam also offers a savings feature, allowing users to set monthly savings goals directly within the app.
Target Audience
Sanaam primarily targets companies with up to 50 employees looking to improve employee financial wellness and reduce financial stress. The platform is designed for employees who want more control over their earnings and need access to funds between paychecks.
Features
- Daily access to earned salary, up to 70% of monthly net income
- Instant fund disbursement after request
- Savings feature for setting and tracking monthly financial goals
- Secure platform with state-of-the-art encryption protocols
- Automatic linking to employee's existing salary account
- Real-time visibility of earned income
- Mobile app available on Android and iOS