Paysack

  • Kochi, India
  • Finance Technology, Enterprise Software, Human Resources, Mobile Payments, Location Based Services

Paysack is a Mobile Wallet for Enterprise. Employers use this to deliver key employee benefits.

Founded:
2015
Stage:
Proof of Concept
Market:
B2B

Startup Video

Featured


Founded

Paysack: Business banking for the 21st century

Oct

2016

Funding

Part of accelerator

May

2017

Jobs


Team Summary

Ricky: PhD in Mobile Location Based Services, Spun-out Odikyo: a social platform for runners & their friends & family from Irish University. Ex-Google Maps Team Lead.

Nicky: BTech. Electronics & Instrumentation. IBM Global Entrepreneur 2013. Selected for Carma Axlr8r 2015 at Ireland.

Vivek: B.A.LLB. Founder of Khan Saheb Grills & Rolls, Bangalore.

Team


Product/Service Summary

Paysack is a mobile first SaaS platform that is re-imagining employee benefits. Paysack is a mobile wallet to deliver pre-paid employee benefits like food, or e-gifting. It comprises of 3 key elements: Employer Dashboard to manage and assign credits, Employee Paysack app to discover and pay, and a Merchant Checkout app to accept cashless payments.

How are we different?

The way these benefits and expenses have been provided to employees hasn’t changed in the last couple of decades.

It is still predominantly done using non-digital formats like vouchers, coupons and claims on paper bills. Each and every dollar spent has to be verified and documented. This is to avoid misuse of funds and for compliance.

Due to the manual processes in doing so, there is a huge loss of time and money, both by the employer and the employee.

We want to bring these losses as close to zero as we possibly can

Product/Service Descriptions