Leeto helps works councils handle perks

French startup Leeto offers a service for French works councils, higher generally known as comités d’entreprise. The fintech startup helps you to hand out perks to workers utilizing a easy internet service mixed with a cost card.

Leeto not too long ago raised a $2.2 million funding spherical (€2 million) from Founders Future and numerous enterprise angels, resembling Thomas Rebaud (Meero), Benjamin Netter (October) and Vincent Luciani (Artefact).

If you happen to’re not conversant in French works councils, each French firm with greater than 50 workers has to elect representatives to defend the pursuits of workers — beginning in 2020, corporations with greater than 11 workers may have a works council. They act because the interface between members of the board and workers, they usually vote on strategic strikes.

Along with that position, corporations have handy out a small finances to the works council yearly. Works councils can then reimburse cultural or sports activities actions, hand out present playing cards for Christmas, give film tickets, and many others.

And Leeto desires to handle that finances specifically. Many corporations presently have a cumbersome course of. You must ship receipts of your yoga classes, discover a retailer that accepts your present playing cards… It’s even worse for representatives as they should order paper present playing cards and ensure everybody picks up their present playing cards at their desk.

Leeto is a software-as-a-service the helps you to handle all that from an online browser. You’ll be able to add workers after which grant them perks.

Later this 12 months, each worker will get a pay as you go Mastercard that the works council can prime up and handle. As an example, representatives can hand out €500 a 12 months for trip and cultural actions. Workers can then use this card to pay for a Netflix subscription, practice tickets, museum tickets and extra. It really works a bit like Lunchr, however for works councils.

If workers go on trip and overlook their card, they’ll additionally add eligible bills to get reimbursed even when they paid with a private card.

On the works council’s aspect, Leeto desires to make it simpler to handle accounting and ship notifications to workers. Leeto presently prices €three per worker per 30 days, however that’s immediately taken from the finances of the works council so workers don’t pay that.


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