SalaryFits, the fintech offering the gig economy advances on their salary through their employers, tells FinTech Futures how it’s helping banks tap the underserved population at a fraction of the price. The fintech works with 51 banks in Brazil which offer payroll loan services – an offering popular in the Latin American country. The start-up also works with 120 employers in the UK, spanning 600,000 British employees. Other countries it covers include Portugal, Mexico, Italy, and India. Instead of lending the money itself, the company provides the infrastructure to bridge a gap between financial providers, major employers, and those who…
How SalaryFits is connecting banks with the unbanked
How SalaryFits is connecting banks with the unbanked
