“If you need it, and you’ve earned it, you should be able to access it.”
PayActiv is an employer-sponsored employee benefit that allows workers to access their earned but unpaid wages on-demand, preventing them from being exploited and monetized as a result of cash flow timing issues.
Rather than dwell on wage stagnation and tax structures, PayActiv solved a real-world problem with imagination and innovation using financial technology to create a holistic financial wellness app. Our profitable, yet socially-responsible, business model is rooted in a deep commitment to improving the lives of our users.
There is no change in the employer’s payroll schedule and funding process because PayActiv manages all funding and money movement, synchronizes with the payroll system, and is fully compliant with all federal and state regulations.
When workers no longer have to deal with onerous financial and psychological stress, it results in higher productivity, retention, and engagement.
When stress is reduced, employees have more time. Time to be with family. Time to play with the kids. Time to exercise. Time to eat right. Time to relax. Time to smell the roses. Time to learn a new skill. Time to read.
And time to dream.
From inception, our commitment is to reduce the burden placed on millions of lower- income workers who are exploited unfairly by predatory lending practices, and are excluded or disadvantaged by a banking system geared for higher income earners.
Through our holistic financial wellness platform and timely access to earned wages, a fair and safe solution for working people living paycheck to paycheck, we are giving users the tools to reach financial resilience and wellness.
As a certified B-Corporation, PayActiv must meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose. B-Corporations work toward reduced inequality, lower levels of poverty, a healthier environment, stronger communities, and the creation of more high quality jobs with dignity and purpose.
As a Public Benefit Corporation, PayActiv has written into its governing articles that its public benefit is “to help lower income and hourly wage employees access their earned but unpaid wages, resulting in reduced financial distress and increased financial wellness for low-income hourly employees and their families.”
Co-Founder and CTO
Co-Founder and COO