Floatr vs My Money Matters

Floatr is an employee financial wellness platform for India, with salary-linked investing, Corporate NPS, insurance, and planning tools. It connects payroll to investments so contributions can be 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 is 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 personal holdings. Deductions can flow through an existing HRMS or payroll file, but specific integrations are not named. Floatr lists programs for salaried teams, gig and frontline teams, and education institutions. It says investments remain in an employee's own folio or NPS account after a job change, while payroll deductions stop when employment ends. Pricing is on request.

My Money Matters combines workplace financial education and coaching with products for saving, salary access, and pension contributions. Eligible employees can use On-Demand Pay to access up to 50% of earned salary before payday, capped at £850 per month, for £1.95 per transaction. Auto Savings transfers a chosen amount from salary into a high-interest savings account each payday, with funds accessible when needed. Active LGPS members can add to their pension through Shared Cost AVCs using salary sacrifice, saving on tax and National Insurance. The service includes financial health checks, learning resources, live webinars, one-to-one coaching, and Max, an AI assistant that answers money questions, directs users to resources, and suggests next steps. It is built for public sector employers and is available to employees whose employer partners with My Money Matters, including partner LGPS members and NHS employees. The employer service has no joining or monthly fee. The maker lists payroll integrations with IRIS Cascade, IRIS Staffology, Shape/Ciphr, and SAP; Workday, Oracle, and ADP are in progress. Apps are available for iOS and Android, while employees can also sign in through the web platform.