Scudi, the fintech and HR-tech platform focused on enhancing financial wellbeing among employees, has officially secured qualification for the UK’s HMRC Enterprise Investment Scheme (EIS). This prestigious recognition positions the company as a high-potential investment opportunity and furthers its mission to improve workplace financial literacy and wellbeing.
The milestone comes as part of Scudi’s continued efforts to transform payroll systems by providing employees with easy, fee-free access to their earned wages. The award-winning platform uses innovative technology to empower employees to take control of their finances, while offering employers a cutting-edge payroll solution.
Revolutionising Payroll Systems
Scudi’s subscription-based Software-as-a-Service (SaaS) platform enables workers to access their wages instantly, without any fees, at any time. Designed to reduce financial stress, the service integrates gamified financial education tools that help employees manage their finances responsibly. Available both as a mobile app for employees and a SaaS platform for employers, Scudi facilitates real-time processing of earned wages through secure SEPA transfers (‘faster payments’) directly into employees’ bank accounts.
In addition to enhancing financial literacy, Scudi’s platform supports employers in meeting the social (‘S’) component of their Environmental, Social, and Governance (ESG) requirements, making it a comprehensive solution for both employee wellbeing and corporate responsibility.
Attractive Investment Opportunity
Scudi’s new EIS qualification significantly increases its appeal to investors, especially those looking for opportunities in high-growth, impactful ventures. Through the EIS scheme, investors can benefit from:
- 30% Income Tax Relief on investments made in qualifying shares.
- Capital Gains Tax Deferral on reinvested gains.
- Tax-Free Returns on share profits after holding the investment for three years.
Rie DeCock, Scudi’s Founder and CEO, celebrated the achievement, stating: “Achieving EIS status is a testament to Scudi’s commitment to innovation and impactful growth. This milestone not only supports our vision of fostering financial resilience but also offers significant benefits to our investors, aligning growth with meaningful impact.”
Global Reach and Award-Winning Innovation
The qualification for EIS comes at a time when Scudi is expanding its presence across Europe, with successful partnerships in multiple sectors, including retail, facilities management, and food services. The platform is already operational in four countries and has been recognised internationally for its contribution to HR-tech and sustainability.
Scudi’s innovative approach to payroll has won multiple awards, including recognition for its positive impact on employee wellbeing and its use of technology to support financial literacy.
Investment Opportunity: €1 Million in Scale-Up Capital
Scudi is now raising up to €1 million in scale-up capital through the issuance of ordinary equity shares. The investment opportunity offers a chance to join a fast-growing company that is both driving innovation in the HR-tech and fintech sectors while supporting the financial wellbeing of employees worldwide.
“We’ve gone through a lengthy but thorough process to secure advance assurance from HMRC for EIS and SEIS tax shelters,” said DeCock. “The positive outcome provides us with a solid foundation to accelerate our growth and continue our mission to improve financial wellbeing in the workplace.”
With its EIS qualification and ongoing expansion, Scudi is well-positioned for future growth, offering investors a unique opportunity to support a purpose-driven business at the cutting edge of fintech innovation.
