SAVii provides a mobile‑first financial wellness platform that partners with employers to deliver salary‑linked loans, free personal accident insurance, and a high‑yield savings account to salaried workers in the Philippines. The app automates loan repayment via payroll debit, offers instant eligibility checks and rapid disbursement, and includes an employer dashboard for benefit configuration and financial‑literacy resources.
Funding
Funding not disclosed
Founders
Product
Problem
Many employees in emerging markets face limited access to affordable credit, insurance, and savings products, leading to financial stress and reduced productivity. Traditional banking channels often require extensive documentation, credit history, and incur high interest rates, making them unsuitable for salaried workers with modest incomes.
Solution
SAVii delivers a mobile‑first financial wellness platform that partners directly with employers to offer salary‑linked loans, free personal accident insurance, and a high‑yield savings account. By linking repayments to the employee’s payroll, the service automates loan repayment through auto‑debit, eliminating late‑payment penalties and simplifying cash flow management. The app provides instant loan eligibility checks, rapid disbursement (often within 24 hours), and a streamlined KYC process requiring only two IDs and recent payslips. Free insurance coverage is activated at no cost to the employee, while the savings product offers a 4 % annual interest rate with no minimum deposit and PDIC insurance. An employer portal enables HR teams to configure benefits, monitor uptake, and access educational resources that promote financial literacy across the workforce.
Target Audience
The primary users are salaried employees of partner companies in the Philippines seeking affordable credit, insurance, and savings solutions; the secondary customers are employers and HR departments looking to enhance their employee benefit packages with financial wellness offerings.
Features
- Salary‑linked loan engine with interest rates starting at 0.5 % and repayment terms up to 60 months; approvals in under 24 hours and disbursement within 48 hours.
- Automatic payroll debit integration for seamless, penalty‑free loan repayments.
- Minimal documentation workflow: only two government IDs, employer‑issued payslips, and a selfie for KYC.
- Free personal accident insurance covering up to 12 months with daily hospital allowance, provided at zero premium to eligible employees.
- Savings account offering 4 % p.a. interest, zero minimum balance, no transaction fees, and PDIC insurance up to ₱500,000 per depositor.
- Cross‑platform mobile app (iOS, Android, Huawei AppGallery) for self‑service loan applications, insurance enrollment, and savings management.
- Employer dashboard for benefit configuration, analytics, and employee engagement tools (webinars, blogs, live Q&A).
- Secure data handling with end‑to‑end encryption and compliance with local financial regulations.
- Integrated education hub delivering financial‑wellness content to improve employee financial literacy.