Zofi Cash solves the issue of traditional 30-day pay cycles by providing early access to wages. This allows employees to address immediate needs without waiting until the end of the month.
Zofi Cash solves the problem of financial insecurity and the lack of access to credit for salaried people who get paid once a month and only at the end of the month. Traditional financial institutions often have strict requirements for obtaining credit, such as collateral, and banking history.
Solution (product or service)
Zofi Cash offers salary advances, a feature allowing users to access a portion of their salary before their payday. This is useful for individuals who need immediate access to cash for emergency expenses, such as medical bills, car repairs, or unexpected bills.
Business model
A service fee is charged on every transaction. Zofi Cash has realized an 8-10% return MoM on Salary Advances disbursed on average.
