Minu
Financial wellness platform providing instant, on-demand salary advance to employees (Earned Wage Access, or EWA), solving workers’ lack of liquidity and reducing their indebtedness. The company provides Earned Wage Access, as well as a series of other benefits to employees of enterprise clients, including multinationals, local champions, and regional unicorns
Investment Thesis
In most countries in LatAm, workers' salaries are barely enough to meet basic necessities, leaving workers exposed to high-interest payday loans in case of any emergency. For example, in Mexico 75% of the formal workforce lives from paycheck to paycheck, with no significant savings. Minu is a category creator and a clear leader in the on-demand salary market, helping employees reduce reliance on short-term, often administered by the employer itself, and have better control of their finances.
