Leeto helps works councils manage perks

TechCrunch | 9/16/2019 | Staff
Claw987Claw987 (Posted by) Level 4
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French startup Leeto provides a service for French works councils, better known as comités d’entreprise. The fintech startup lets you hand out perks to employees using a simple web service combined with a payment card.

Leeto recently raised a $2.2 million funding round (€2 million) from Founders Future and various business angels, such as Thomas Rebaud (Meero), Benjamin Netter (October) and Vincent Luciani (Artefact).

Works - Councils - Company - Employees - Representatives

If you’re not familiar with French works councils, every French company with more than 50 employees has to elect representatives to defend the interests of employees — starting in 2020, companies with more than 11 employees will have a works council. They act as the interface between members of the board and employees, and they vote on strategic moves.

In addition to that role, companies have to hand out a small budget to the works council every year. Works councils can then reimburse cultural or sports activities, hand out gift cards for Christmas, give movie tickets, etc.

Leeto - Budget - Companies - Process - Receipts

And Leeto wants to manage that budget in particular. Many companies currently have a cumbersome process. You have to send receipts of your yoga lessons,...
(Excerpt) Read more at: TechCrunch
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