Payactiv

Payactiv

Financial Services

San Jose, California 17,851 followers

The Leader in Earned Wage Access.

About us

Payactiv is the best way for employees to get financial relief between paychecks, a service needed by two-thirds of the workforce. We give businesses the tools essential to ease the financial stress of their employees and build a higher performing workforce. First to revolutionize timing of pay Payactiv is the right way to improve employee financial health. Our aim is to empower lower-income American workers with dignity. We accomplish this by providing employees timely access to their earned-but-unpaid wages. Technology Our social responsibility DNA and decades of experience in payments technologies helped us reimagine the way financial services should be delivered to lower-income workers. Payactiv is designed to help each and every user reach financial resilience and wellness. Implemented in companies nationwide Payactiv serves thousands of employees and industries all across the board—restaurants, factories, hospitals, retail stores, and many more. Walmart is one of our marquee clients.

Industry
Financial Services
Company size
51-200 employees
Headquarters
San Jose, California
Type
Privately Held
Founded
2012
Specialties
Financial inclusion, Alternative to payday loans, Financial wellness, Income smoothing, Financial stress, productivity, employee engagement, HRTech, and FinTech

Products

Locations

Employees at Payactiv

Updates

  • View organization page for Payactiv, graphic

    17,851 followers

    Onboarding is a pivotal phase for new hires, setting the stage for their success and satisfaction. We're curious to know your thoughts: Which component is most critical for an effective onboarding strategy? Vote in our poll and share your experiences in the comments.

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  • View organization page for Payactiv, graphic

    17,851 followers

    We’re excited to be part of the 2024 HR Florida Conference & Expo in Orlando! 🌟 We can’t wait to connect with you and discuss how Payactiv can support your employee financial wellness initiatives. Here’s how you can find us: 📅 Dates: August 25th-28th 📍 Location: Rosen Shingle Creek 🎯 Booth: 804 Stop by our booth for a chance to win a mini projector! 🎥 Plus, we’ll have plenty of candy to satisfy your sweet tooth while we chat about employee financial wellness. See you in Orlando! More info about the conference: https://lnkd.in/dmSkMn6u #HRFL2024 #Payactiv #EmployeeFinancialWellness

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  • View organization page for Payactiv, graphic

    17,851 followers

    Discover how Norman Healthcare significantly improved employee satisfaction and financial wellness by partnering with Payactiv. By offering timely access to earned wages, they not only reduced turnover but also fostered a more motivated and engaged workforce. Learn more about this transformative journey and how financial wellness can positively impact your organization. #EmployeeWellBeing #FinancialWellness #Payactiv #HealthcareInnovation https://lnkd.in/gmpceVkr

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  • View organization page for Payactiv, graphic

    17,851 followers

    A recent Payactiv survey revealed that virtually all responding HR professionals (98%) say financial education is important or very important as part of a financial wellness strategy. However, despite this widespread agreement about financial education, just 40% currently offer financial education/counseling to employees, and just 20% currently offer one-on-one financial coaching. Read more in our latest White paper: https://lnkd.in/gFY7rqx9 #payactiv #financialwellness

    Fresh Employee Benefits: The Key To Winning The Restaurant Staffing War - Payactiv

    Fresh Employee Benefits: The Key To Winning The Restaurant Staffing War - Payactiv

  • View organization page for Payactiv, graphic

    17,851 followers

    Effective onboarding is more crucial than ever in today’s competitive job market. It’s not just about paperwork; it’s about introducing the benefits that matter to your employees from early on. Explore our latest blog to uncover why offering competitive benefits and stellar onboarding is essential, how it boosts retention, and the best practices to ensure your new team members hit the ground running. Curious about enhancing your onboarding process? Dive in and see how Payactiv can support your new hires from day one: https://lnkd.in/gQ-rp3_6

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  • View organization page for Payactiv, graphic

    17,851 followers

    Money worries are a significant contributor to employees’ lack of well-being and can have a devastating impact on workplace productivity. Right now, 1 in 3 employees say their financial stress is impacting their ability to focus on their jobs, and nearly 25% say this stress reduces their productivity and confidence. By implementing comprehensive financial wellness benefits programs that help people deal with the root causes of their financial stress, employers can improve both workplace productivity and overall employee wellness. Read our blog to explore the link between financial stress and low employee productivity and consider key strategies for reducing them. https://lnkd.in/gAB_MxT3 #financialwellness #payactiv #ondemandpay

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  • View organization page for Payactiv, graphic

    17,851 followers

    In today’s economy, financial stress remains a leading cause of employee turnover and disengagement, leading more employers to explore the benefits of financial wellness programs as part of their recruitment and retention strategies. However, not all financial wellness benefits are created equal. This webinar examines the importance of financial wellness benefits in improving hiring and retention strategies, with a specific focus on the impact of on-demand pay solutions. It explores the role of employers in helping employees meet their financial wellness goals and the specific benefits of on-demand pay solutions, including how they reduce employee stress, increase engagement, and improve overall financial well-being. Watch here for more information https://lnkd.in/dagwYnyz #payactiv #financialwellness

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Funding

Payactiv 6 total rounds

Last Round

Series C

US$ 100.0M

See more info on crunchbase