NowPay(YC W21) enables employers to offer salary advances to their employees through its mobile app. The employers don’t pay anything for using the service, nor does the cash move from their books as NowPay finances the advances. menabytes.com/nowpay-ycombin…
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@ycombinator Apparently (and someone who is not me should jump in) the article mentions that it’s “Sharia-compliant” which, among other things, means they can’t charge interest to borrower so the service is fee based. Someone please correct me if I’m wrong.
@ycombinator Hm. Pay day loans is a very old business, in what way is this modernized or transformed by software I wonder ? #startups