Every year, over 700,000 workers, students, and apprentices from low-income countries arrive in the EU needing €2,500–€12,000 upfront to cover visa fees, language tests, qualification recognition, and relocation.
No one finances this.
Banks won't touch it.
Families go into debt.
Workabroad Advance is our answer: an income-share agreement product that finances migration costs and collects repayments via employer-mediated payroll, once the worker is placed and earning.
The SAM is €6.
4B/year in the EU alone.
Nobody has built this.
Tasks What you'll do Build the ISA underwriting model — default probability by borrower profile, income trajectory assumptions, and loss-given-default curves — without credit bureau data Set income-share rates and repayment caps by borrower cohort Stress-test the portfolio against macroeconomic shocks, default clustering, and income interruption events Structure the warehouse debt facility — tranche sizing, loss triggers, investor reporting Define the path to ABS securitisation at scale Lead regulatory classification of the product under BaFin and AFM consumer credit frameworks Co-own the company as a founding team member.