We offer a Software-as-a-Service to banks and credit unions that automates earned wage access and small dollar loans to employees of select employers.
Thanks to Fincluziv, banks and credit unions can acquire new clients at low cost, increase paycheck deposits and revenues and at the same time contribute to the financial wellness of workers in their communities.
More and more US employers partner with payroll advance providers to offer their employees earned wage access.
These solutions are in very high demand but remain incomplete:
They are expensive: high 3 digit APR
They are repaid in full from paycheck
Employees don't build credit score
Thanks to Fincluziv, banks and credit unions can offer more complete, affordable and sustainable financial wellness solutions to employees as they have:
Much cheaper and abundant funding
Diversified product offering as they are regulated
Relationships with employers
Our white-label SaaS for banks and credit unions fully automates earned wage access and small dollar loans to employees of select employers.
Through API, we connect with employers’ HR and payroll software and with banks’ payment systems to fully automate:
Employees' onboarding, employment verification & direct deposit sign-up
Mobile access by employees to on-demand pay & small dollar loans
Underwriting & payments related to earned wage access & small dollar loans
Repayments through payroll deduction
78% of the US population lives paycheck to paycheck and more and more US employers are concerned about their financial stress and willing to facilitate on-demand pay for their employees.
Fincluziv makes on-demand pay and employer-sponsored small dollar loans an attractive business for banks and credit unions with the following benefits:
Low cost customer acquisition
Stable flow of salary deposits
Low risk financing revenue
Credit/debit card interchange fees
Cross-sell with employees and employers
In partnership with:
In partnership with:
