Andre Nowak

Founder & CEO, Flexee · 1 appearance on the record.

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Andrzej (Andre) Nowak founded Flexee in Poland in 2020, developing an on-demand salary platform that allows employees to access earned wages before standard paydays. Leveraging a background in finance and banking, he secured seed funding from investors including JR Holding to expand the service across Central and Eastern Europe.

10statements → 4claims → 2claims resolved → 3.9/5average certainty → 1.6/5average debate potential →

1 supported 0 partly supported 1 contradicted 2 not checkable as stated how the 4 claims stand · each chip opens the sources

1 prediction · 3 assertions · 1 opinion · 5 disclosures · every statement was checked. The prediction and assertions are the 4 claims: statements the public record can support or contradict. 2 are resolved, and 2 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Andre argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported

Nowak: Flexi Closed a €2.8 Million Seed Round

“We close it around in an amount of 2.8 million euro. Yeah. So it's more or less three million dollars.”

Andre Nowak Jun 13, 2022 ▶ 2:46 He Can Earn 40% IRR with Fintech + SaaS Helping Polish Employees Get Their Paycheck Early

Their most notable contradicted claim

Assertion Contradicted

Nowak: Flexi is first salary-on-demand player in Poland

“We are the first player on Poland. Poland is a huge market having twenty million employees.”

Andre Nowak Jun 13, 2022 ▶ 14:16 He Can Earn 40% IRR with Fintech + SaaS Helping Polish Employees Get Their Paycheck Early

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Andre Nowak on measured tape to publish a rate. This says nothing about how they speak.

What they said10 Episodes1

Everything Andre Nowak said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Disclosure

Nowak: Flexi raised debt financing without granting warrants

“Oh, no, no. Okay. I'm so happy that I found that that without any warrants but normally markets, they are, you know, they want to have a warrants, but I have a, I knew the investors. I found the investor who was able to provide it without a warrants.”

Andre Nowak Jun 13, 2022 ▶ 6:16 He Can Earn 40% IRR with Fintech + SaaS Helping Polish Employees Get Their Paycheck Early

Disclosure

Nowak: Flexi targets a minimum 40% annualized IRR

“The minimum IR will be if we earn 2.9%. So the minimum margin, the yearly rate will be about 40%. And this is our yearly rate, minimum yearly rate that we want to earn.”

Andre Nowak Jun 13, 2022 ▶ 10:57 He Can Earn 40% IRR with Fintech + SaaS Helping Polish Employees Get Their Paycheck Early

Disclosure

Nowak: 70% of Flexi's employers pass transaction fees to employees

“Today, more than 70% of employers pass the fee to employees, and the 30% are paying a subscription.”

Andre Nowak Jun 13, 2022 ▶ 12:36 He Can Earn 40% IRR with Fintech + SaaS Helping Polish Employees Get Their Paycheck Early

Assertion Contradicted

Nowak: Flexi is first salary-on-demand player in Poland

“We are the first player on Poland. Poland is a huge market having twenty million employees.”

Andre Nowak Jun 13, 2022 ▶ 14:16 He Can Earn 40% IRR with Fintech + SaaS Helping Polish Employees Get Their Paycheck Early

Prediction Not checkable as stated

Nowak: Flexi Will Probably Reach Over 100,000 Users by Year-End

“Right now we have discussions with bigger employers, and in the end of this year probably we'll provide app to more than 100,000 of users.”

Andre Nowak Jun 13, 2022 ▶ 2:26 He Can Earn 40% IRR with Fintech + SaaS Helping Polish Employees Get Their Paycheck Early

Assertion Supported

Nowak: Flexi Closed a €2.8 Million Seed Round

“We close it around in an amount of 2.8 million euro. Yeah. So it's more or less three million dollars.”

Andre Nowak Jun 13, 2022 ▶ 2:46 He Can Earn 40% IRR with Fintech + SaaS Helping Polish Employees Get Their Paycheck Early

Disclosure

Flexi Seed Round Comprised €2M Debt and €800K Equity

“In this seed round, debt was in the amount of two million euro, And equity was 800,000 euro.”

Andre Nowak Jun 13, 2022 ▶ 3:40 He Can Earn 40% IRR with Fintech + SaaS Helping Polish Employees Get Their Paycheck Early

Disclosure

Nowak: Flexi charges 2.9% per payout or $8 monthly per employee

“So employee will start from the provision on 2.9% for a payout. If the employee pays the fee, there is also a subscription-based model where employer can pay a monthly subscription for each employee, and the subscription fee is more or less eight dollar per mo…”

Andre Nowak Jun 13, 2022 ▶ 8:21 He Can Earn 40% IRR with Fintech + SaaS Helping Polish Employees Get Their Paycheck Early

Opinion

Nowak: Four to Five Hours of Sleep Is Enough for Startup Founders

“That's enough. Come on, it's a startup. Four to five hours.”

Andre Nowak Jun 13, 2022 ▶ 18:06 He Can Earn 40% IRR with Fintech + SaaS Helping Polish Employees Get Their Paycheck Early

Assertion Not checkable as stated

Flexi Serves Over 20 Employers and 10,000 Employees

“Today we have more than 20 employer who and to those employers we provide an app to about more than 10,000 employees today, yes.”

Andre Nowak Jun 13, 2022 ▶ 2:11 He Can Earn 40% IRR with Fintech + SaaS Helping Polish Employees Get Their Paycheck Early

Appearances (1)

Episode	Date	Speaking time
He Can Earn 40% IRR with Fintech + SaaS Helping Polish Employees Get Their Paycheck Early	Jun 13, 2022	8m

Andre Nowak

The record, in short

Their most notable supported claim

Their most notable contradicted claim

How they sound: not measured why? →

Appearances (1)

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