APIRIA TECHNOLOGIES PRIVATE LIMITED

In their own words

Apiria is solving the problem of enabling employers help their employees with the most critical challenges they face - and to do it in a way that is a win-win-win for everyone as employers do not have fat budgets to buy solutions. If you zero down on the key employee challenges they boil down to money first & foremost and benefits right after that. Employees don’t have an easy way of understanding all their payroll allowances and how to use them to get the benefit, they are scrambling for tax planning every year in Jan and Feb and end up paying more taxes, they have nowhere to go for urgent last minute financial needs, short/long term loans at good rates or affordable health insurance - every MSME employee suffers from this. And the MSME employer can only do so much - they are not structured to assist with these needs even if they are willing. They have been burnt with salary advances so they shy away from it, they make do with a basic salary structure and don’t put proper allowance and tax planning as a priority for the want of time and effort and health insurance is not even an afterthought. This is affecting 100M+ employees in India at this point. Employers can signup with Apiria and start with a structured tax-optimized and 100% compliant payroll for their employees. Employees see their payroll allowances & how to use them to maximize benefits as well as optimize for taxes with options presented by Apiria. Next, Apiria creates a structured way for employers to offer salary advances, loans as well as group health insurance that is affordable. The result is that (1) employees get more in hand with a tax optimized structure, utilize payroll allowances to the fullest, feel a peace of mind with salary advances/loans for emergencies and get access to health insurance at affordable premiums (2) employers get to offer all of this to their employees with one single solution. Apiria also includes features for leave management, expenses and had a roadmap for additional features for MSME employers. Overall like Tally has become the defacto accounting solution for the MSMEs, Apiria has the opportunity to become the defacto benefits solution for 50M+ MSMEs in India.

Written by the company on its public Startup India profile. Not verified by us.