CHOYS & Fluid Launch B2B BNPL for Employee Benefits Plan

Sep 2, 2024

CHOYS & Fluid Launch B2B BNPL for Employee Benefits Plan

Imagine a workplace where every employee feels valued, supported, and empowered to be their best selves. That's the future Fluid's building with CHOYS and Singlife. Our B2B Buy Now, Pay Later (B2B BNPL) solution makes it easier than ever for SMEs to offer comprehensive wellness programs, so their employees can thrive both personally and professionally - all without breaking the bank.

What is CHOYS?

CHOYS's Insurtech platform fosters employee engagement and well-being by incentivizing healthy behaviors through a combination of recognition, rewards, gamification, and social impact initiatives.

Going beyond traditional insurance, CHOYS offers a comprehensive solution that addresses all aspects of employee wellness, including physical, mental, social, and financial health. Through engaging gamification elements such as group medical and dental insurance plans, and impactful social initiatives, CHOYS cultivates a supportive and encouraging work environment where individuals are motivated to prioritize their well-being.

About Singlife

Singlife is a Singaporean financial services company dedicated to helping individuals on their path to financial freedom. Leveraging innovative, technology-enabled solutions, Singlife offers a comprehensive suite of products, including lifestyle and medical insurance, coupled with savings and investment options for retirement planning and beyond.

Singlife's product solutions enable individuals to proactively manage their financial well-being at every stage of their lives.

How Fluid's Empowering SMEs With Employee Wellness

Our partnership with CHOYS and Singlife was born out of a personal struggle. As our team grew, our co-founder and CEO, Trasy Lou Walsh, experienced firsthand the frustration of trying to provide her team with the benefits they deserved, only to be held back by hefty upfront costs. It wasn't just a burden on her budget—it also meant delaying vital coverage for her team.

That's what sparked a realization - to make employee benefits more accessible for SMEs. Through our partnership with CHOYS, we're helping to turn that vision into reality. Now, instead of shelling out a large lump sum, SMEs can spread their insurance payments over 3 or 6 months when they purchase Singlife Insurance through CHOYS.

Through the Buy Now, Pay Later Employee Plans, there are no more tough choices, and no more delays – just a simple, affordable way to invest in your team's health and happiness.

Why Use Buy-Now-Pay-Later Employee Benefits Plan for SMEs using Fluid

Smoother Cash Flow

Invest in your employees' well-being without worrying about a hefty upfront cost. Our flexible payment plans let you spread the cost over time, making employee benefits more affordable.

Reap the Benefits of an Employee Plan Immediately

Get your employee benefits program up and running immediately, even if you don't pay the full amount upfront.

Flexibility

Choose a payment plan that works for your business, with 3-month or 6-month installments, and pay using various methods, including bank transfer, debit/credit cards, or QR codes.

Employee Wellness Plans Made Fluid: How It Works

Step 1: Choose Your Plan and Payment Option

  • Browse the selection of insurance plans and find the perfect fit for your team.
  • Once you've made your choice, simply click the "Pay by Installments" option.

Step 2: Set Up Your Payment Schedule

  • Enter your account details and pick the number of installments that work best for you.
  • Make the payment using flexible payment methods such as direct debit, QR codes, debit/credit cards, and more.

Step 3: Use Fluid's Payment Portal

  • See all the necessary invoice due dates and schedules, and monitor invoice payments, all in Fluid's B2B Payment Portal.
  • Rest easy knowing that your payment processing is secure using Fluid's encryption and fraud prevention technology.

Fluid Payment Solutions

At Fluid, we believe in empowering SMEs to put their people first. With Fluid's Buy Now, Pay Later solution, you can build the company you envision, one where your employees feel valued and supported - while still being in control of your cash flow.

Source: CHOYS