Launch HN: Payflow (YC S21) – Allow workers to access their wages instantly
Hi HN, we are Benoît and Avi, co-founders at Payflow ( https://www.payflow.es/ ). We’re making a better app for workers to instantly access their earned wages. We launched a year ago in Spain (where we’re based!). Anyone in Spain can try our product. Otherwise, here’s a demo video: https://www.youtube.com/watch?v=GSDlGhoFNyM . 75% of employees in Spain and Latam live paycheck to paycheck and many have no savings. They often run out of cash before payday, especially if they have an unexpected expense. This is an issue for employers too, because high employee turnover amongst low-income employees is costly. Most employee perks (e.g. health insurance, flexible benefits, snacks in the office), which are so familiar to HN, are usually reserved to white-collar workers in Latam. Said employee perks are too expensive for blue-collar employers, and more importantly a
Why it failed
Hi HN, we are Benoît and Avi, co-founders at Payflow ( https://www.payflow.es/ ). We’re making a better app for workers to instantly access their earned wages. We launched a year ago in Spain (where we’re based!). Anyone in Spain can try our product. Otherwise, her
- Kind
- startup
- Status
- Shut down
- Inventor
- asukhwani
- Ended
- 2021
- Source
- hackernews