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Zetl expands financing solutions in APAC with new payroll solution
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Zetl has grown its portfolio of financing solutions to help fledgling companies keep their payrolls on schedule. Having secured a US$700,000 seed funding in July 2021 to support its growth in Asia Pacific, the promising FinTech startup recently launched its new global payroll manager for service-based SMEs.
Wage Layer is designed to automate businesses’ monthly payroll processing with only a one-time payroll payment. The solution enables businesses to defer this payment anytime without disrupting their monthly payroll—a function new to the Hong Kong market, and starts at only 1.5% per month of the deferred amount. This innovative system helps high-growth businesses keep their cash flow intact while enabling them to pay their staff on time, every time.
Mr. Han Shan, CEO of Zetl said, “These service sector businesses, now growing 12% annually, are expected to grow even more and adopt flexible staffing arrangements post-COVID. We see their need for payroll process streamlining as they oversee a global workforce. Our new product, Wage Layer, not only frees them from the time-consuming administrative work, it also ensures wage continuity every month even when cash is tight. Given the growing offshore cross-border deals in Australia, we’ve also introduced our services there to continue powering the growth of SMEs in Hong Kong and Singapore.”
Eager to lead the professional services industry’s financing solutions space, Zetl is also exploring the Japan market as it continues to finance APAC’s next generation of businesses.
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Zetl expands financing solutions in APAC with new payroll solution
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