Question 1

How does Qiribu work?

Accepted Answer

Qiribu calculates your staff's earnings as they work, enabling them to withdraw their pay as soon as they earned it.

Question 2

How much does it cost?

Accepted Answer

Qiribu is free for employers! We don’t charge any setup or subscription fees.

Question 3

How will it impact my cash flow?

Accepted Answer

Qiribu has no impact on a business's cash flow. Qiribu funds the deposits to employees, and employers reimburse us on payday. We do not hold either employee or company funds.

Question 4

What about tax and other salary deductions?

Accepted Answer

There is no change to the amount of tax you pay on employees' wages. Qiribu calculates your staff's net wages (after taxes/deductions), so you, the employer, continue to pay taxes and deductions as usual.

Question 5

Is Qiribu a loan?

Accepted Answer

Absolutely not. Qiribu is not a loan/credit service. There is no interest, credit checks or costs. Qiribu is a financial well-being tool. Qiribu helps employers to support their team to improve their financial health productivity.

Question 6

Will using Qiribu impact my payroll process?

Accepted Answer

No. Employers pay their employees’ wages as normal, just minus the amount we have advanced to them, so there is no risk that we cause any delay to your staff receiving their pay from you.