PayActiv Secures $100 Million of Funding for Employer-Sponsored Financial Wellness Solutions

Aug 13, 2020•about 5 years ago

Amount Raised

$100 Million

San Jose

Description

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 Information

Company

Pay Activ

Location

San Jose, California, United States

About

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.

Funding Insights

Based on industry data

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

PayActiv Secures $100 Million of Funding for Employer-Sponsored Financial Wellness Solutions

Description

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Funding Insights

Company Information