Loonfy is a fintech that has burst strongly into the financial market and is presented as a service to solve an underlying problem in work environments: the loss of trust in the brand image and values of companies. In this sense, the lack of satisfaction is directly related to the historical decline in the savings rate (4.7%) of Spanish households, as reflected in the latest Bank of Spain Annual Report.
The transformation of the financial ecosystem, motivated by the emergence of fintech companies, has generated a new perspective on financing and the creation of business models, reconfiguring customer expectations and improving user experience. Backed by the new European PSD2 regulations, fintech companies have become an opportunity for traditional banking to optimize customer services.
Loonfy’s platform allows for the receipt of payroll, thus making it easier for company employees to enjoy a new way of receiving their salaries, with the aim of empowering the employee and offering a social benefit that makes “any day a Pay Day”.
This startup seeks to implement simple salary flexibility in companies to attract and retain talent and thus make things easier for their employees and become a happy company. Currently, the term Labor Flexibility should not be used without really offering what the employee may require in their job, having available all possibilities that allow employees to have work-life balance that is as stable and attractive as possible.
During summer 2019, Loonfy raised a first round of pre-seed investment to start developing the product and start testing it in dozens of companies and with hundreds of employees. Regarding 2020, a second round will be held for business development aimed at other products and international expansion.
Loonfy’s human and professional value is built on the experience of its four founders: Enrique de Nova, Alejandro Cantero, Álvaro García and Oskar Rodríguez.