We provide employers with the tools to improve the wellbeing of their employees.
Founded in April 2020, at the start of the global pandemic. We did more than 300 qualitative interviews with hourly paid employees & gig workers.
They told us their frustrations relating to both personal finances and managing their income. Some had invented their own ingenious systems to keep track, while most had completely given up.
At the same time, we hear from the vast majority of employers that they experience that it can be difficult to recruit enough employees and get vacant shifts fulfilled.We realised that there was a huge need for a new way of thinking about shift work & salary - especially for helping an under-serviced group with their money.
That's when the idea for All Gravy was born.
Proud to be serving All Gravy to the best in the business
Our users love how useful and flexible All Gravy is
With All Gravy, it has become easier for us to get shifts covered, and making it possible to offer our employees more flexible working conditions. At the same time we have increased employee satisfaction.
Frederik Darger Johansen
I don't borrow from my savings anymore, so saving up has become much easier. If I really need something - well I'll take some out of All Gravy - I can always manage to take an extra shift to make up for it.
The Payment Account and Mastercard cards are issued by Paynetics UK, Company number 1248133, (via Paystratus Group Ltd, a Technical Provider of Paynetics UK). Paynetics UK is a wholly owned subsidiary of Paynetics AD with its registered address at 1st Floor, 18 Devonshire Row, London, England, EC2M 4RH. Paynetics UK is an electronic money institution authorised and regulated by the Financial Conduct Authority (firm reference number 942777) for the issuance of e-money and provision of payment services in the UK.
To ensure your funds are safe Paynetics follow a process known as ‘safeguarding’ which is a regulatory requirement for all EMIs. In this process Paynetics keeps your money separate from its own money and place it in a safeguarding account with a Bank.
Electronic Money issued is not covered by any Deposit Guarantee Scheme which is a government backed scheme offering protection to customers’ funds of up to €100,000 (£85,000 in the UK under the FSCS) per customer. However, in the event of an insolvency, your funds would remain in the safeguarded account at the designated Bank and separated from Paynetics’ accounts.
In the event of Paynetics going out of business, an insolvency practitioner would be appointed to return the funds Paynetics has safeguarded to the customers. This means you would get most of your funds back, except for the costs deducted by the insolvency practitioner for returning the funds to the customers.
All Gravy charges a subscription fee per business account, and does not charge any transaction fees to users that utilise the withdrawal functionality.