Give your staff free, flexible access to their pay as they earn it. Improve wellbeing and staff productivity at no extra cost.
Ability to defer salary payments, releasing that cash into your business.
Businesses turn to the Trade Finance industry to create liquidity to deal with the mismatch in timing between their Payroll expenses and Receivables income.
Hi funds the Payroll directly to match these Payment Terms and provide more affordable unsecured funding. Allowing employees to freely access their pay in real-time.
By providing your employees with Freedom (or an equivalent salary access benefit), you the Employer can elect to have your payroll expenses externally-funded on a revolving basis, extending your payroll payments to suit your business needs.
Brand-new source of unsecured credit by financing payroll
Unlock Payroll to meet business needs
Funded by major banks, Hi is your ticket to freedom
Hi is a pioneering FinTech dedicated to assisting businesses in accessing quick and affordable working capital while offering more flexible payment options for employees. How do we accomplish this? Through the introduction of a revolutionary financial solution, we've termed Pay Asset Finance – allowing Employers to externally finance their payroll for the first time ever.
Hi enables companies to delay payroll by financing it for them. Through releasing this new source of unsecured working capital, Hi can match your payroll liabilities to your Payment Terms, enhancing your financial management. Additionally, our flexible pay products for employees contribute to businesses' ability to attract and retain top talent.
All deductions, including tax, pensions, and other employee benefits, remain unaffected. Both parties continue to make these payments as usual.
Hi is currently available to any company employing over 50 people.
Payroll debt (i.e., outstanding wages) does not appear on a company's balance sheet, aside from being a payroll obligation. Therefore, utilising the scheme should not have an impact on a company's credit rating.
Hi serves as an Electronic Money Directive (EMD) agent for Payrnet, a company registered with the Financial Conduct Authority (FCA).
