Location
Headquarters: Milpitas, California, United States, North America
Region: California
Country: US
Continent: North America
About
Payactiv is an employer-focused financial wellness platform that provides earned wage access (EWA) and a suite of tools to help employees access wages as they earn them, manage finances, and save. The company markets to employers and workers in the United States, offering on-demand pay, digital wallets, a Visa card, budgeting and savings features, and discounts to improve financial wellbeing. It positions itself as a public benefit corporation and certified B Corp, emphasizing social impact and responsible financial services for millions of workers. Payactiv also provides an EWA blueprint to help employers design sustainable programs that improve engagement, retention, and growth.
Payactiv is a financial technology company that provides earned wage access (EWA) and financial wellness tools to employers and employees. Its platform enables on-demand pay access, digital wallets, and budgeting features to improve worker financial stability. The company serves businesses across the United States, Canada, and Australia.
Payactiv, Inc.
2012
for_profit
active
Industries
Primary Industry: Business Services
Categories
Funding & Financials
Series C
133500000
10m-50m
private
Investors
Founders
Ijaz Anwar
Safwan Shah
Sohail Aslam
Leadership
Technology Stack
Products
Earned Wage Access (EWA): A service that allows employees to access a portion of their earned wages before the scheduled payday.
Payactiv Visa Prepaid Card: A reloadable prepaid Visa card that allows users to spend funds loaded onto it, including early wage access deposits.
Payactiv Visa Payroll Card: A payroll card solution that enables employers to pay employees via direct deposit with early wage access and financial wellness features.
Payactiv Digital Wallet App: A mobile app that provides users with access to earned wages, budgeting tools, bill pay, savings, and financial coaching.
Pay on Demand (Powered by Payactiv): An integrated earned wage access solution offered through payroll providers like Paychex, enabling employees to access earned wages via their payroll system.