PayActiv Secures $100 Million of Funding for Employer-Sponsored Financial Wellness Solutions
08/13/20, 2:06 PM
Location
san jose
Money raised
$100 million
PayActiv, Inc., the leading employer-sponsored earned wage access and holistic financial wellness platform, today announced that it has secured $100 million of funding to further its mission of bringing security, dignity and savings to workers.
Company Info
Company
Pay Activ
Location
san jose, california, united states
Additional Info
PayActiv's mission is to bring security, dignity and savings to workers through an award-winning holistic financial wellness platform that gives employees on-demand access to earned but unpaid wages. Businesses that partner with PayActiv see significant cost reductions through increased recruitment, engagement and retention. Employees love PayActiv because it eliminates the expensive, between-paychecks tolls of payday loans, bank overdrafts and late fees. PayActiv also offers a suite of financial services that include savings and budgeting tools, bill payment and financial health measurement. PayActiv has won best in class awards in both FinTech & HRTech and is the provider of Earned Wage Access to Walmart.