Scudi is an Enterprise SaaS platform that provides employees with instant access to up to 50% of their earned wages through a mobile app, enhancing financial health without the need for credit. This solution helps employers improve employee retention and satisfaction while supporting their ESG and corporate social responsibility initiatives.
Funding
Funding not disclosed
Founders
Product
Problem
Many employees face financial challenges between paychecks, leading to stress and potential reliance on high-interest credit options. Employers often struggle to provide effective financial wellness benefits that improve employee satisfaction and retention.
Solution
Scudi offers an enterprise SaaS platform that integrates with existing payroll systems to provide employees with on-demand access to a portion of their earned wages. Through a mobile app, employees can withdraw up to 50% of their net earned salary before payday, improving their financial flexibility and reducing financial stress. This solution helps employers enhance their employee value proposition, strengthen their ESG initiatives, and improve workforce retention by offering a practical and accessible financial benefit. Scudi acts as a service provider and not a lender.
Target Audience
The primary target audience includes employers looking to improve employee financial wellness, enhance retention, and strengthen their ESG and CSR initiatives, as well as their employees.
Features
- Mobile app for employees to request instant wage access
- Integration with existing payroll systems for seamless data transfer
- Access to up to 50% of earned net salary
- Fee per transfer or monthly subscription options available
- Budgeting and savings tools within the app
- Discount perks on various brands
- Multilingual support (including English, Italian, French, Dutch, and German)