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Haasyl is a word in Hindi, which means 'to attain'.
The goal for us at Haasyl is to Exponentially increase the flow of capital and opportunities to India's workforce by unlocking the power of payroll systems. The status quo to us is unacceptable, where the poorest sections of our workforce, have little to no access to safe, affordable credit when they most need it. We are here to change reverse this by building a one-stop financial resilience ecosystem designed to elevate India's workforce via their Employers!
We see a world in which no employee has to ever worry about taking on expensive, unsafe credit. Haasyl is here to help new create realities for millions of hard working people not just in India, but all over the developing world.
Trust us, Bank on You!
The lack of financial resilience for our workforce is the result of the coming together of multiple macro and micro factors which have resulted in the lack of access to capital when it is most needed. While most of them may have bank accounts, they have access to little else.
How the Financial Cookie Crumbles for Millions of People
Companies are the biggest losers when it comes to Employee stress. Loss of productivity, high price sensitivity and attrition plague employers today. Our estimates show that India inc is losing $10billion+ in Cost of Attrition and an additional $10billion+ in Cost of Lost Productivity. The leading cause of employee stress is related to pay. Going forward, we see Employee financial wellness expanding well beyond PPF and Sodexo, with companies slated to play a pivotal role in the distribution of Employee Financial Wellness.
Haasyl is a one-stop financial resilience ecosystem built to elevate India's workforce via their Employers. In order to build financial resilience, we've narrowed down 3 specific threats to Financial Resilience for Employees living pay-check to pay-check, which we aim to solve for.
The table below gives a quick snapshot of the product vision to build financial resilience.