Floatr is an employee financial wellness platform for India that connects employer payroll to investments, with contributions invested before the remaining salary reaches an employee's bank account. Depending on what an employer enables, options include mutual fund SIPs, Corporate NPS, digital gold, and other products. Employees can complete digital onboarding, choose funds, adjust SIP amounts, track holdings, and manage goals in the app. For salary-linked mutual funds, participation and contribution amounts are voluntary, and employees can change or stop SIPs at any time. The payroll-linked investing page says employees can start from ₹500 per month. Employers receive guided implementation and an HR portal with enrollment dashboards that do not expose employees' personal holdings. Payroll deductions can flow through an existing HRMS or payroll file, though specific integrations are not named. Floatr lists Elevate+ for salaried teams, GigRise for gig and frontline teams, and Edvisor for education institutions. The company says investments stay in an employee's own folio or NPS account after a job change, while payroll deductions stop when employment ends. Pricing is on request.
Who it is for
Floatr suits employers in India looking to offer payroll-linked financial benefits, and employees who want to manage investments and goals through a mobile app.
What is good
- Employees can start investing from ₹500 per month
- Employees can adjust or stop mutual fund SIPs
- HR dashboards do not expose personal holdings
- Investments remain in employees' own accounts after job changes
What to know first
- Pricing is available on request
- Available platforms are Android, iOS, and web
- Payroll deductions stop when employment ends
Verdict
Floatr combines payroll-linked investment options with employee portfolio tools and employer enrollment dashboards. Pricing is on request, and available investment options depend on what each employer enables.
Compared on employee financial wellness software
- Education content
- Yes
- Financial planning
- Yes
- Financial health tools
- Yes
- Employer reporting
- basic
- Available platforms
- both
