NewTech Friday: Orya Technologies – Empowering employee financial wellness
Oumar Diallo, CEO of the Senegal-based fintech, tells us more about their pioneering solution for salary advance management and plans for future expansion.
In this week’s NewTech Friday we turn the spotlight on Orya Technologies, one of the participants in the LHOFT 2023 CATAPULT: Inclusion Africa program. Oumar Diallo, CEO of the Senegal-based fintech, tells us more about their pioneering solution for salary advance management and plans for future expansion.
What led to the creation of Orya Technologies?
Orya Technologies stemmed from a commitment to tackle pressing issues faced by employees, including the recurring challenge of unpaid bills and the burden of high-interest debts. Recognizing the inadequacy or absence of credit solutions for assisting employees, and the prevalent cash flow struggles among businesses, Orya Technologies was conceived as a comprehensive solution to alleviate these financial stressors.
Could you present your offer?
Orya Technologies’ groundbreaking solution revolves around seamlessly managing salary advance requests. Employees can effortlessly access 20% of their salary through the Orya Technologies application, receiving it directly into their mobile money wallets. This not only empowers employees with financial freedom but also ensures a stress-free financial management system without compromising company cash flow. The result is a tangible reduction in absenteeism and turnover, offering employers a straightforward means to enhance both cash flow and employee loyalty. Orya Technologies’ holistic approach not only transforms the financial landscape for employees but also contributes to maintaining a positive corporate image for partnering companies.
What's coming next for Orya Technologies?
Looking ahead, Orya Technologies is gearing up for significant expansion in Senegal, Guinea Conakry and the Ivory Coast. The immediate roadmap involves a strategic collaboration with BDK (Dakar Bank) to introduce a secure virtual IBAN edition, streamlining financial operations and simplifying bank reconciliations. Orya Technologies’ commitment to enhancing its service portfolio includes the integration of value-added services such as utility bill payments, mobile recharges, and electricity and solar meter top-ups. Furthermore, the development of a collection system tailored for microfinance institutions is on the horizon, along with the introduction of virtual Visa bank card editions.
In summary, Orya Technologies is not merely a financial solution; it is a transformative force driving positive change in the realm of employee financial wellness and corporate financial management. The upcoming initiatives underscore Orya Technologies’ commitment to innovation and its mission to make a lasting impact on the financial landscape across multiple regions.
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