[NEWS] Leeto helps works councils manage perks – Loganspace

French startupLeetooffers a provider for French works councils, higher identified ascomités d’entreprise. The fintech startup lets you hand out perks to workers the use of a straightforward net provider blended with a charge card.

Leeto neutral not too long ago raised a $2.2 million funding round (€2 million) from Founders Future and change industry angels, such as Thomas Rebaud (Meero), Benjamin Netter (October) and Vincent Luciani (Artefact).

When you’re not accustomed to French works councils, every French firm with bigger than 50 workers has to elect representatives to defend the interests of workers — starting in 2020, companies with bigger than 11 workers can admire a works council. They act as the interface between participants of the board and workers, and they vote on strategic moves.

As well to that role, companies admire handy out a tiny budget to the works council as soon as a year. Works councils can then reimburse cultural or sports activities activities, hand out present playing cards for Christmas, give movie tickets, and plenty of others.

And Leeto desires to manage that budget particularly. Many companies at the 2d admire a cumbersome job. It is well-known to ship receipts of your yoga lessons, gain a store that accepts your present playing cards… It’s even worse for representatives as they must show paper present playing cards and fabricate certain that everybody picks up their present playing cards at their desk.

Leeto is a utility-as-a-provider the lets you manage all that from a net browser. You might maybe well be in a position to add workers and then grant them perks.

Later this year, every employee will get a prepaid Mastercard that the works council can prime up and manage. For instance, representatives can hand out €500 a year for vacation and cultural activities. Staff can then use this card to pay for a Netflix subscription, prepare tickets, museum tickets and more. It works a runt loveLunchr, but for works councils.

If workers paddle on vacation and overlook their card, they might be able to additionally add eligible costs to get reimbursed despite the indisputable reality that they paid with a non-public card.

On the works council’s aspect, Leeto desires to fabricate it more uncomplicated to manage accounting and ship notifications to workers. Leeto at the 2d costs €3 per employee monthly, but that’s straight taken from the budget of the works council so workers don’t pay that.