FlexxPay and Nasco Middle East join forces to create one of the region’s smartest employee benefits platform
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.”