FlexxPay, a Dubai-based fintech company, and Nasco Middle East, a leading insurance brokerage firm, entered into a strategic partnership to create a solution to drive a significant modernization in the world of employee benefits.

The purpose behind the joint venture is to provide the remedy to a peculiar disconnection between continuous work and intermittent remuneration. To that end, FlexxPay will integrate its innovative digital solutions within the large corporate client base of Nasco Middle East.

Through this new platform, FlexxPay and Nasco Middle East will offer workforces the flexibility of accessing the earned portion of their salaries on-demand in case of emergencies. This high social impact solution would translate into increased moral, retention, stress relief while eliminating a large chunk of the companies’ workload on HR and finance. Pricing of this solution is also as smart as the proposed rewards.

On the other hand, a selection of Nasco Middle East’s insurance offerings will be integrated into FlexxPay’s employee benefits platform, complementing a fully-digitized customer journey.

“FlexxPay and Nasco are companies at the forefront of technology and innovation in their respective fields and through this partnership, we will be able to deliver a first-class product and user experience to customers,” said Michael Truschler, Co-Founder & CEO of FlexxPay. FlexxPay’s mission has always been to increase employee productivity and retention rates for companies while driving social impact within the business community by solving the pay frequency problem for employees. This agreement today will play a big role in helping us achieve this.”

Commenting on the agreement between the two companies, Karim El Zyr, General Manager of Nasco Middle East said, “Nasco always goes the extra mile to exceed customers’ expectations. We’ve always strived to offer the maximum possible value. And value nowadays resides in large part in our digitalization which is well under way. The partnership with FlexxPay is a major step in that direction.”

For more information on FlexxPay, please visit www.flexxpay.com

For more information on Nasco Middle East, please visit www.nascomiddleeast.com

For enquiries: Andreas.keller@leidar.com / +971 50 882 1037

About FlexxPay

Founded in 2018, FlexxPay is a Dubai-based social impact fintech company that provides employee benefit solutions for companies of all sizes. FlexxPay’s platform improves employee productivity and retention rates for businesses by removing financial stress from employees. Through FlexxPay’s cloud-based technology solution that is provided free of cost to businesses, employees can access a series of services and benefits including accessing a portion of their already earned salary. The company’s mission is to fix the pay frequency problem for employees and thus increase productivity and employee retention rates for businesses.

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.