TURNING WORKDAYS INTO PAYDAYS
InstaPaid gives employees flexible access to earned wages
Some of our integrations and partners
What is InstaPaid?
InstaPaid is a platform that allows employees to instantly access their earned wages whenever they want.
We developed InstaPaid to revolutionize employee payroll.
Immediate payment of earned salary
Watch earned wages grow in real time
"Plug and play" platform
Free for employees
Testimonials
Why now?
The labor market has undergone significant changes as a result of recent macro trends and events. This has led to challenges for many citizens today. At the same time, a completely new generation has emerged on the labor market, which exhibits new work behaviour, has new motives and sets new expectations for future employers.
Employees are increasingly demanding increased flexibility, greater recognition and modernization of salary payments.
With rising costs of living, interest rates, inflation and Generation Z entering the workforce, we see new challenges that employers must meet to remain attractive workplaces.
Younger employees prefer workplaces that offer flexible pay
Employee flight due to financial stress
Feel pressured to cover expenses and pay bills where the due date is before payday
Mia lost in productivity due to financial stress
Sources: JP MORGAN (2022), EY (2020), PWC (2022), HBR (2022), ADP (2022)
Our vision
We want to revolutionize how employees get their wages paid
Help companies improve employee well-being
Give employees flexible and quick access to earned wages
Minimize the risk of expensive interest when overdrawing your account.
Benefits for employees
Recognition
Instant reward after each shift
save money
On interest costs from private overdrafts and loans (e.g. quick and consumer loans)
Employer loyalty
48% of the employees surveyed are motivated to take more shifts
Increased financial security
Create an overview of earned funds and upcoming shifts
Benefits for employers
Attracts new employees
The company will be positioned as a modern workplace and will be the favorite especially for younger employees
Higher workforce utilization
Motivate employees to take more shifts, which optimizes employee resources
New tools to drive behavior
Simplify the process by awarding rewards or bonuses to employees, which reinforces their positive behavior and contributes to their development.
Perception of higher value of salary
Increases job satisfaction, well-being and employee retention
that's how it works
Emma checking her InstaPaid app. Her earned salary balance is
5.000,- that have not yet been paid.
Emma has to pay her electricity bill, but wants to avoid it
an expensive overdraft
Emma requests a payment of 1.200,-
via the InstaPaid app.
Money is transferred to Emma's bank account
within seconds
Emma's available balance is
immediately up to date to 3,800,-
Challenges we solve
Expensive interest expenses
Lack of flexible salary payment can lead to short-term loans or the payment of expensive interest for overdrafts.
Economic imbalance
Social gap between employer and employee.
Outdated remuneration methods
Young people are frustrated by the lack of flexibility and delays in current remuneration methods.
Lack of motivation
The time lag between effort and reward leads to financial stress for some employees.
Recruit and retain employees
Challenges in attracting and retaining employees Employers must either raise wages or provide attractive employee benefits.
Employee engagement
With InstaPaid. as a unique employee benefit, the employer sends a clear signal to its employees that their well-being is a high priority. Financial flexibility and freedom will increase employee well-being.
Higher employee retention
Flexible pay has become a popular employee retention tool, with 78% stating that using it motivates them to stay with employers who offer it
Attractive workplace
Stress
Section of customers
Contact us
There is nothing we want more than to help. If you are an employee with questions about your app or if you need technical help, you can write to us here or call our support on +45 70 60 34 04.