Qurro

About Qurro

Qurro is a Spanish fintech company that provides a platform for employee financial wellness, focusing on salary advances and flexible remuneration. The service allows employees of affiliated companies to access a portion of their earned salary at any time through a mobile application, without waiting for the regular payday. This on-demand salary feature is designed to help workers manage unforeseen expenses and improve their financial stability, reducing the need for high-interest loans.

In addition to salary advances, Qurro offers a flexible remuneration service. This allows employees to allocate a part of their gross salary to specific products and services, such as transport, meals, childcare, and training, resulting in tax savings. By paying for these services from their pre-tax salary, employees can increase their net disposable income. The platform integrates with a company's payroll system to automate these processes, providing a seamless experience for both the employer and the employee.

The business model is primarily B2B, targeting companies that want to offer enhanced financial benefits to their workforce. Qurro typically charges a fee to the employer for the implementation and maintenance of the platform. For the employee, accessing their earned salary in advance may involve a small transaction fee. The company operates in the growing market of employee financial wellness solutions, competing with other providers of on-demand pay and flexible benefits.