Partnership Details
- Partner Company: Halomax Lighting Solutions Private Limited
- Location: Delhi
- Program: Early-Wage-Access program
- Target Beneficiaries: Employees of Emerald Finance Limited
Program Mechanics
- Provides instant financial relief to employees by allowing access to part of their salaries throughout the month
- Functions as a salary advance solution through short-term loans
- Loan amount is collected through salary deduction mechanism
Strategic Context
The partnership aligns with the company's vision to expand its offerings and serve retail customers at large. The company had been working on developing this salary advance solution as part of its business expansion strategy.