Hastee, with clients such as McDonald’s, Iberostar and Unilever, reaches profitability

Hasteespecializing in on-demand salary and financial well-being solutions in Europe, has achieved profitability. This marks an important milestone in its mission to offer employees more flexibility and control over their finances. The achievement comes at a time when more companies are offering this option as a essential benefit to attract and retain talent.

Hastee, which was created with the goal of improving financial stability for workers, has grown rapidly since its launch. Currently it has more than 350 client companies in various sectors. Among its clients are big international brands like McDonald’s, Domino’s, Iberostar, Taco Bell, MediaMarkt, DIA, Sanitas, Unilever, PayPal, Iberia Express and EY.

Hastee operates in 4 of the top 5 European on-demand salary access markets: United Kingdom, Spain, Ireland and Portugal. In 2020, it acquired the company Typs, one of the main financial well-being platforms in southern Europe, allowing it expand your platform, which is now multi-country, multi-currency and multilingual, thus consolidating its international presence. Most of Hastee is property of IDC, an investment company with 2.1 billion euros in assets under management, through its innovation arm, IDC Ventures.

The solutions Hastee offers

Hastee’s solution is based on three pillars: enter, learn and grow. With the Hastee app, employees can review how much they have earned, access their salary flexibly (charge a portion when they need it, change your payment cycle to weekly instead of monthly…), receive financial education in small modules and save directly from your salary. The app is very popular and has a rating of 4.7 on both the Apple App Store and the Google Play Store.

“We are very proud to be one of the first on-demand salary providers to become profitable,” commented Jaime Jiménez, CEO of Hastee. “The rapid growth of our customer base, coupled with a careful focus on expenses, has paid off: we have built a sustainable business that no longer needs external financing.”

For its part, Alejandro Rodríguez, co-founder and managing partner of IDC Ventures, commented: “We are delighted to support Hastee at this crucial time. Their focus on financial well-being is completely aligned with our mission of supporting businesses that make a positive impact. We are excited to be part of this journey, offering value to both users and our partners. “This success demonstrates the strength of the Hastee model and the growing importance of solutions that empower people to improve their financial health.”