We provide the platform for management of salary advances requested by employees. The advance facility is made available to each employee’s app for instant encashment based on predefined limits. Employee draws down accrued salary as advance via our proprietary App or WhatsApp/USSD messaging. Automated settlement shall be ensured by deducting the advance amount on payday. The principal and fee shall be collected by the company and given to Abhi. The relevant documentation, bank integrations is produced and managed by us to ensure a seamless transition. The advance shall be booked on Abhi’s balance sheet therefore having no effect on the company’s cash flows. No financial recourse on the company, all credit default risk to be borne by Abhi in case of delinquency. Discussed in detail in the risk section below.