Rosaly raises € 1.5 million to develop its payday deposit app

The French start-up Rosaly, aged less than two years, carries out a first fundraising of 1.5 M€ in seed money which will enable it to ensure the development of its payday advance solution. This funding round was orchestrated by EQT Ventures, Bankin, Payplug, Mantu Group, Process Out, and Dassault Systèmes alongside business angels and international investors. Offered in web and mobile format, this service allows employees to view at any time the salary corresponding to the hours they have already worked in the month. The down payment request is made with one click and the corresponding funds are paid immediately Arbia Smiti, Founder and CEO of Rosaly, had the idea of ​​offering a service to enable people having difficult ends of the month to eviterating overdraft fees or consumer loans. In addition to the management of down payments, the platform has a financial education system led by advisers for better control of budgets and contingencies.