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Ugandan Fintech to Launch an Earned Wage Access Product

Qiribu provides salaried employees with the ability to access a portion of their earned wages before their regular payday, something which can be particularly useful for employees facing financial emergencies or who just need some extra cash to tide them over until their next payday.  Qiribu works with employers to set up a system where employees can request and receive a portion of their earned wages at any point during the pay period, and the employer reimburses Qiribu at the end of the pay period.  “In addition to providing a convenient way for employees to access their earned wages, we are going to add other financial services such as budgeting tools and financial education resources to help workers better manage their finances,” Dan Wasswa, the startup’s CEO and co-founder, told Disrupt Africa.

SOURCE: DISRUPT AFRICA