Kazakhstani startup ProsperPay has attracted $250,000 in investments

ProsperPay, a technological service for issuing daily salary advances, has successfully completed an investment round at a valuation of $3,000,000 from Kazakh super-angels. Murat Abdrakhmanov invested $150,000, and Askar Dostiyarov invested $100,000 in the development of the service.

ProsperPay offers a solution that allows company employees to receive advances on their salary 24/7, without paperwork or involvement from the accounting department. Through the mobile application, employees can see the actual amount earned for the current day and transfer it to their bank card. At the end of the month, the total salary is paid out, taking into account any advances previously taken through ProsperPay.

The service can take over the payment of advances and automate the process, thereby increasing the company's available liquidity since there is no need to spend its own funds throughout the month. International experience with similar services shows a reduction in employee turnover by 30% or more, as well as an increase in employee loyalty by 40%. ProsperPay brings companies not only convenience but also a strategic advantage in personnel and financial management.

The majority of the raised funds will be directed toward covering operational expenses and further product development. The team's top priorities are implementing new functionalities and services, which will expand opportunities for users, as well as investing in marketing.