Payflow

Employee benefits, get paid on demand

6 followers

Employee benefits, get paid on demand

6 followers

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Payroll software

🤑 What's the best day of the month? When you get PAID!! 💸 We take this day and make it any day, that's Payflow 👷‍♀️ Employees: for free, instantly, privately, anytime 👔 Employers: boost productivity and wellbeing of staff with a benefit people truly want

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Launch tags:Fintech•Payments•SaaS

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Mindmesh

This looks great! Are you considering, in the future, letting employees asking for a cash advance/small loan? (e.g. sometimes it is a hassle to arrange for a car loan, and if I can have it deducted from my salary w/o being lost in loan paperworks it would be pretty neat)

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5yr ago

Payflow

Maker

@raf_col great question! We are not discarding this option, although we need to make sure it is made responsibly. The employees in our platform would often lack financial education and a loan might bring more harm than good, unfortunately. This is actually one of the reasons we launched Learnflow, to give personalised and easy-to-digest financial education content. We could think that employees passing successfully all Learnflow clases could access more sophisticated financial content, such as investment or loans. Thanks a lot for your feedback!

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5yr ago

Mindmesh

@benoit_menardo thanks for explaining - yes the learnflow angle makes a lot of sense. Also love how you think at product design - empowering users to make the right financial decisions, and not much more

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5yr ago

Payflow

Maker

@raf_col thank you! "talk to your customer", I've been told ;)

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5yr ago

InAppStory

Does it work for all workers, or can we create a cohort? Because I'm sure that there are people who OK with 1/2 payment per month

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5yr ago

Payflow

Maker

@nataliekarakina great question! It works with all workers but the HR department has full flexibility and control over who can access Payflow. For instance, some companies decide to give Payflow to only a department, or a region, or a salary range. However, most (>90%) of companies that restrict Payflow to a cohort have ended up rolling it out to the whole company. Intuitively, you would think that only low wage workers use it, but results show that more than 50% of the employees would download the app and the vast majority will use it every month! Hope this answers your question :)

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5yr ago

Payflow

Maker

Thank you @katmanalac for the hunt! This is @avinash_sukhwani and @benoit_menardo from Payflow! A few hundred years ago we were paid whenever we worked. It changed for the worse, and we´re here to bring the excitement of payday to any day! 🌱 How it started.. the problem: Years ago, we met at MIT and realized outside Europe people were not necessarily paid once a month but sometimes weekly, sometimes bi-monthly, sometimes on demand. We saw a massive opportunity to make salary on-demand, and we deeply wanted to solve this problem. That´s why we got back together last year, in the middle of the pandemic, in Spain 🇪🇸, and decided to launch Payflow! 📲 And here's how we're solving it: -> For employees: A mobile app that allows them to see their accrued wages in real-time. Whenever they want, they can get paid up to that amount. It's instantaneous: Because when they need money, they need it now It's private: Because it's not cool to ask for money And it's free: Because if it weren't, it wouldn't be an employee perk -> For employers: The first employee perk for their kind of workers. They can manage it all comfortably from their cloud-based dashboard. It's hooking: Because >50% of employees will use it, recurrently, and that's why it reduces turnover It's affordable: Because few employers are willing to spend on low-wage workers And it's easy: Because we integrate with their payroll software so it's no work for them 💝 Our GIFT to Product Hunt people: Implement Payflow before 31st of July and get 3 months FREE, no questions asked! 🤑 Thanks, Avi and Benoit 🤗

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5yr ago

Payflow

Maker

We are really excited to finally launch Payflow on Product Hunt! 🔥

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5yr ago

So proud for being part of this amazing project which allows to so many people to manage their salary in more flexible way!! Let's keep working for improving this wonderful experience!

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5yr ago

Payflow

Maker

@maria_casuso thank you so much!! Super happy to have you part of the Payflow family!

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5yr ago

Roast Your Pitch Deck

Hey Benoit, this is an amazing product. Are you starting to look at partnerships? I am the founder of www.asteya.world and we sell income insurance and we think it is a great idea to consider partnering with you

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5yr ago