InstaPaid – Give Employees Instant Access to Earned Wage

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

With just one swipe in the app, employees can transfer their earned salary to their own account in a few seconds

Watch earned wages grow in real time

The app updates the available pay balance when the employee ends a shift. It gives the feeling of progress and increases work satisfaction

"Plug and play" platform

For payroll system, time registration system and bank. Secure, simple and GDPR compliant. With full possibility of auditing, reporting and segregation of duties

Free for employees

The app is a free employee benefit for employees of companies that have entered into a partnership with InstaPaid.

Testimonials

It has been incredibly easy to implement InstaPaid. The system is plug-and-play and the support has been fantastic. In addition, it is integrated with our payroll system, so there is no extra work for our bookkeepers, which they appreciate.

Pierre SimonCo-owner, Restaurant Bouillon

One of the benefits of InstaPaid is that we see our employees taking more shifts because they can track how much they earn. Another benefit is that they use the app as a tool for financial well-being and therefore become more aware of their finances.

Rick BrownHR manager, Marienlyst Strandhotel

We can see that around 50% of our employees use the app up to four times a week. There is no doubt that InstaPaid has helped make us more attractive as a workplace.

Pierre SimonCo-owner, Restaurant Bouillon

We have received very good feedback from our employees; they simply love InstaPaid. They use the app both to get their salary paid quickly and to keep track of their finances.

Rick BrownHR manager, Marienlyst Strandhotel

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.

0 %

Younger employees prefer workplaces that offer flexible pay

0 %

Employee flight due to financial stress

0 %

Feel pressured to cover expenses and pay bills where the due date is before payday

$ 0

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

The competitive labor market is driving a shift in employee benefits requirements, and 59% indicate that they find a workplace attractive if it offers flexible pay

Stress

Financial flexibility reduces financial stress and improves health and well-being. Our solution helps minimize absenteeism and thus increases productivity

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.