Flexi Serves Over 20 Employers and 10,000 Employees
Andre Nowak · He Can Earn 40% IRR with Fintech + SaaS Helping Polish Employees Get Their Paycheck Early · Jun 13, 2022 · at 2:11
Andre Nowak is the founder of Flexi, a European earned-wage access platform. He explains the company's customer scale to host Nathan Latka.
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“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.”
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More from Andre Nowak
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.”
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.”
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.”
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.”