Celeri

About Celeri

Celeri is a Norwegian financial technology company established in 2021 by Founder and CEO Kim Humborstad. The company provides a platform that allows employees to access their earned wages on a daily basis, rather than waiting for a traditional monthly payday. This service, also known as Earned Wage Access (EWA), is designed to improve the financial wellbeing of employees, particularly younger generations, by giving them more control over their personal economy.

The Celeri platform integrates with a company's existing payroll and accounting systems. It offers a time-tracking function for hourly employees and allows workers to see their earned wages in real-time through a mobile app. Employees can then choose to withdraw a portion of their earned salary whenever they need it. The business model is targeted at employers, who pay for the service to offer it as a benefit to their staff, aiming to increase employee motivation and reduce turnover. Celeri offers different pricing models for employers, including a fixed fee per employee or a pay-per-transaction option. The company operates primarily in the Nordic region, targeting industries with shift-based work such as hospitality, retail, healthcare, and staffing. To help companies with liquidity, Celeri has a partnership with Aprila Bank to offer flexible credit solutions.