Xerpa

Xerpa provides a technology platform designed to automate and simplify human resource management for companies. Its core offering revolves around a suite of digital tools that manage tasks such as employee admissions, time off, and payroll documents. A key feature of their service is Xerpay, an earned wage access (EWA) product that allows employees to withdraw their accrued salary at any time before the official payday. This service is designed to improve the financial well-being of employees by providing an alternative to high-interest loans for unexpected expenses, thereby reducing financial stress. For employers, the platform aims to increase employee satisfaction, productivity, and retention.

The business operates on a B2B model, integrating its software with the client companies' existing payroll systems. This allows for a streamlined process where employees can request wage advances through a mobile app. In September 2021, Xerpa was acquired by the benefits platform Betterfly. The acquisition aimed to merge Xerpa's financial wellness products, like Xerpay, into Betterfly's broader suite of benefits, combining earned wage access with services like life insurance and telemedicine to create a comprehensive employee well-being offering in the Brazilian market.