Rupid is building Earned Wage Access (EWA) solution, also called on-demand pay or real-time payroll, is an exciting new employee benefit and payroll technology. Historically, payroll is run infrequently by employers because it is costly and time-consuming. Rupid gives the ability to instantly access, track, save and manage earned wages that are not paid to the employees of partnered organisations. We want to transform people's lives and the organisations they work for.
Startup Description
Rupid is motivated to build financial wellness products where people do not have to resort to paying more than their means for exploitive payday loans or credit schemes. Rupid is building a world where people drive their money instead of being driven by it.
Product Screenshots
Business Model
We partner with the employers to give services to their employees. It is free for employers and we charge a small convenience fee to employees whenever they use the service.
Tell us a bit about how founding team knows
each other.
It's not every day you come across a team that has the perfect blend of history, chemistry, and expertise. But at our company, we have just that.
Our CEO and CTO have been lifelong family friends and they both hail from the same small town that instilled in them the values of hard work and perseverance, which allows them to work together seamlessly.
Why did you decide to start this
company?
It wasn't just the financial strain that was tough to bear - it was the shame and guilt of having to ask for financial help time and time again.
Are all the founders full-time on this
project?
Yes
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