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If the employer already has access to the employee bank account (e.g. to pay salary) then do they need your service?

For CRM and financial education. Later on I'd automate the process so they don't have spend any resources on it.

The benefit for employees in a low-cost debt

https://www.salaryfinance.com/uk/borrow/

I still dont understand the proposition. Do you want to make loans to employees and get repayment from their salary like the link? Or provide employees with financial education? I have experience in the Polish financial services market, and worked in partnership with Polish banks, so would like to offer my view.

I'm considering just selling software to employers to manage loans OR get repayment from their salary like the link. Financial education would be just something extra.

I'm still playing with the idea. The inspiration comes from the fact that a few friends work for companies that use pen and paper to manage employee loans.

Ah okay I see thank you. I bet there are many places using paper and excel so there will definitely be room for your product. I've been in the lending market before, we partnered with banks to do it e.g. Alior in Poland. So the business would make a payment to the employee, and you're software could track the payment and repayments? Would you want to initiate the payments too or just track them?

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