
Axis
We believe that financial services should be more accessible, simple, and fun!.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor | €0.0 | round |
* | $8.3m | Seed | |
Total Funding | 000k |
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AxisApp is a fintech startup that operates in the Egyptian market, offering a mobile wallet service that enables businesses to manage their payroll and expense reimbursement processes more efficiently. The company's primary clients are businesses that need a flexible and convenient way to pay their employees and contractors.
AxisApp's business model is centered around its mobile wallet service. Businesses can use the app to send salaries and pay contractors instantly, at any time, including weekends and bank holidays. This eliminates the need for traditional banking hours and allows for more flexibility in payment schedules.
In addition to payroll services, AxisApp also offers a feature for managing employee expenses. Employees can upload a picture of their receipts to the app, and once approved, they are reimbursed instantly on their Axis wallet. This feature simplifies the expense reimbursement process and reduces the time and effort required to manage it.
AxisApp also allows businesses to give their employees early access to their earned salary, without the business having to front the money. This can be a valuable tool for businesses looking to improve employee satisfaction and retention.
The company makes money by charging businesses for using its services. However, it prides itself on transparency and does not charge setup fees, admin fees, or have hidden costs.
AxisApp is regulated by the Central Bank of Egypt and has partnerships with Visa and Meeza Digital, ensuring a high level of security for its users.
Keywords: Fintech, Mobile Wallet, Payroll Services, Expense Reimbursement, Instant Payments, Salary Advances, Employee Benefits, Transparent Pricing, Financial Security, Egyptian Market.