Embedded finance company Weavr has teamed up with European employee benefits platform Club Employés to power a debit card solution that gives employees the power to pick the perks they prefer.

According to a recent study, 79 per cent of individuals who quit their previous job did so because of a lack of appreciation. Club Employés is on a mission to turn this around by giving employees the choice of a range of relevant offers, discounts, and exclusive experiences to use within their app. Currently, more than one million active users across 4000 business customers benefit from the Club Employés platform.

Utilising Weavr’s Employee Benefits solution, the Club Employés card empowers employees to make their own decisions regarding the benefits they want. Employees can pick from a range of perks with 98 per cent coverage of French cinemas, as well as 500 leisure parks, 3,000 sports halls and thousands of concerts and shows. Available now in France, but soon to expand internationally, employees can access over 500,000 offers at attractive prices in both major brands and independent stores.

“At Weavr, we’re passionate about using embedded finance to revolutionise existing industries by injecting additional value through integrating financial services," said Alex Mifsud, CEO and co-founder of Weavr. "This is especially true with Club Employés’ employee benefits solution, which directly targets the very real issue of employee churn resulting from a lack of appreciation in the workplace. We’re excited to see how embedded finance transforms the freedoms of these end users.”

Romain Rostagnat, CEO and co-founder at Club Employés, also commented: “Club Employés has been in pursuit of revolutionising the employee benefits landscape since 2016, offering businesses an efficient route to improving employee satisfaction. We chose Weavr as it was the most complete solution that offers the best combination of speed to market, simplicity to run and seamless customer experience.

"In the next phase of Club Employés development, as we are confident the team will help us with our international expansion and product development goals.”