Advanto

Based in the Czech Republic, Advanto offers an earned wage access platform as an employee benefit, allowing employees to withdraw their earned wages at any time of the month with just a few clicks through a mobile app. The company integrates with clients' payroll and attendance systems to calculate each employee's available withdrawal amount. Upon request via the app or website, Advanto sends the funds directly to the employee's bank account.

The app also allows employees to track their attendance and improve their financial literacy through curated content and quizzes developed in collaboration with personal finance experts. It also includes a chatbot that functions as an advisor for financial decisions and debt counseling. Additionally, as of August 2024, Advanto is developing an automated savings feature to help employees save a portion of their paychecks.

The company does not charge any registration or setup fees; it only applies a fixed transfer fee per withdrawal, which is paid by either the employer or the employee.

Key customers and partnerships

Advanto serves clients across Central and Eastern Europe across diverse industries including the gig economy. Its notable customers include McDonald’s, Starbucks, Skoda, Marks & Spencer, Linet, and Foodora.