Zimyo, the unified human capital management platform, which offers robust HR and payroll solutions, has now forayed into the embedded finance space. It has launched its new module, ‘Benefits’, to help organisations lend support to their workforce in their financial wellness. The Company has partnered with various insurance companies, non-banking financial companies and AMCs to unveil an extensive ‘employee benefits’ module offering advance salary, payday loans/personal loans, health and term life insurance, tax-saving investment plans, mutual funds, expense cards/credit cards, retirement plans and much more.
The pandemic has reinforced the need for employees to ensure that their families have financial support in the event of contingencies, such as a pandemic, or disability, accident, layoff, or even death.
Through its ‘Employee Benefits’ module, Zimyo has entered the new area of ‘embedded finance’ to help organisations address these issues in a hassle-free manner. It offers technology-driven financial experiences customised to the needs of the organisations.
Ajay Kadyan, co-founder and CTO, Zimyo, points out that “employees’ financial wellness is as important as their mental, physical and emotional wellness.” Since employees are the most valuable assets of organisations, it is the duty of the employers to “make employees and the lives associated with them feel safe and valued.” Kadan feels, “Embedded finance is the need of the hour that can help in creating a more engaged workforce.”
Zimyo aims to bridge the gap between users and financial services, making it simple, speedy, and transparent to acquire loans, insurances and investments.
Its products eliminate excessive paperwork, unnecessary documentation, long waiting hours, and tedious processes to provide easy accessibility of financial solutions.