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With Inflation Soaring, Fintech Company CashD Is Redefining Worker Compensation Cycles

SYDNEY, June 22, 2022 /PRNewswire/ — A B2B FinTech company established in Australia, CashD is redefining compensation cycles by enabling companies to empower their employees to choose how and when they get paid. By bringing banking, payroll, and finance together, CashD is a solution to traditional payroll cycles that don’t meet the on-demand needs of today’s workers. As a B2B company, CashD works directly with employers to promote financial fairness and freedom for their employees.

As global inflation rises rapidly, CashD, co-founded by Marcus Lasarow, allows employees to be paid whenever they want, without having to wait until the end of the month. The company and its app are revolutionizing the way businesses pay employee salaries with the potential to have a huge impact on how we approach financial wellness and planning.

The company recently tapped UAE-based fintech investor and entrepreneur, Eitan Neishlos, as lead investor. Neishlos joins the company with an impressive track record of socially responsible investing and supports the startups’ goal of helping employees access wages as they are earned and avoid high-interest payday loans.

CashD believes that when an employee earns money, they should have access to their money in real time. Although there are some perceived solutions to this problem, CashD is unlike any lender or bank. An employee can view their available balance and instantly withdraw at any time during the payroll cycle, receive the funds directly into their bank account, or pay bills directly. It’s not a loan, it’s their money.

CashD has already made huge inroads into the Australian market. Today, hundreds of thousands of employees at dozens of leading companies have the ability to use their pay as they are earned.

Co-founder and CEO of CashD, Marcus Lasarow“With inflation soaring, this kind of financial flexibility is crucial. While this is a big step towards modernizing our approach to wages and payroll, it is actually a return to the values ​​of enabling employees to access their wages as earned, using innovation to make this possible in today’s world.”

New lead investor, Eitan Neishlos noted, “I share CashD’s commitment to innovation aimed at positive social impact. Their goal of empowering employees around the world for better financial well-being has the potential to revolutionize planning. financial and individual credit. In this current environment, it has never been more important.”

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For more information, please contact Ya’ara Hames-Ezra at [email protected]