Tagged: earned wage access

EWA Provider ZayZoon Joins American Fintech Council

The American Fintech Council (AFC), an industry association representing fintech companies and banks, this week announced that earned wage access (EWA) provider ZayZoon has become its newest member. An EWA provider for small and mid-sized businesses, ZayZoon joins a growing group of diverse industry-leading EWA… Read More

Salary On-Demand Firm DailyPay Secures $175m in Funding

DailyPay, an earned wage access fintech company, announced that it is raising $175 million in its latest funding round that will help fuel its planned business expansion. This funding is composed of a $100 million expansion of its secured credit facility from Citi and more… Read More

American Fintech Council Presses Washington State Legislators on Earned Wage Action Proposals

This past week the American Fintech Council testified before the Washington State House Committee on Consumer Protection and Business, recommending amendments to proposed legislation. CEO Phil Goldfeder, a former member of the New York State Assembly, appeared in Olympia to urge legislators to amend legislation… Read More

Financial Stress: Majority of Restaurant Industry Workers Are Somewhat Stressed About their Finances – Survey

Two-thirds (66%) of quick-service and fast-casual restaurant industry employees are at least somewhat stressed about their finances, according to a new independent study conducted by YouGov, commissioned by DailyPay. The research, which surveyed quick service restaurant (QSR) and fast-casual restaurant employees, indicates “that the majority… Read More

EWA Standards Released by American Fintech Council

The American Fintech Council (AFC), an industry association representing fintech companies and banks, released policy and regulatory standards for fintech companies offering earned wage access (EWA) products this week. The AFC also announced support for federal EWA legislation introduced by Rep. Bryan Steil. AFC CEO… Read More

Earned Wage Access: Infor to Provide On-Demand Pay for Workers via DailyPay Partnership

Infor, the industry cloud company, announced a new partnership with DailyPay, the Fintech focused on-demand pay, to offer its customers the ability to “provide employees with easy and quick access to their earned wages.” Through this partnership, customers using Infor Workforce Management solutions can provide… Read More

Instant Access to Wages Is a “Must-Have” for Employees, New Research Study Claims

Instant Financial, the firm focused on the responsible on-demand pay solutions, partnered with HR Dive’s studioID to find out how companies perceive and use earned wage access (EWA) as a benefit to attract, retain and engage employees. The research study found that while many employers… Read More

EWA Report Blasted by American Fintech Council CEO

The CEO of the American Fintech Council blasted the Centre for Responsible Lending (CRL) for a report on earned wage access (EWA), calling it a ‘complete misunderstanding and mischaracterization of the industry” that, among other things, takes information out of context and uses ‘improper interpretations… Read More

Instant Financial Enhances Wage Access with Updates to Employee Pay Solutions

Instant Financial, a supporter of earned wage access (EWA), electronic tips and paycard solutions, announced the first phase of upgrades to its comprehensive employee payments platform. This initial release of updates includes “the launch of a new mobile app and the introduction of mobile wallet… Read More

On-Demand Pay: Fintech ABHI and Pakistan Cables Ltd to Provide Earned Wage Access to Employees

ABHI, an embedded finance company announced a partnership with Pakistan Cables Limited, the cable manufacturer in Pakistan. This collaboration aims to provide AbhiSalary – Earned Wage Access “to the employees of Pakistan Cables Limited, thereby promoting financial wellness.” Through AbhiSalary – Earned Wage Access, employees… Read More

Visa, Partners to Offer Account-to-Account Payments in UAE

Visa Inc announced that it will introduce Account-to-Account (A2A) payments in the UAE through a partnership agreement with fintech firms ABHI and YellowPepper. In a statement, Visa said the collaboration aims to revolutionize the financial landscape by driving innovation, promoting financial inclusion, and accelerating the… Read More

DailyPay, a Fintech Focused on Earned Wage Access Services, Available via Oracle Cloud Marketplace

DailyPay, a Fintech focused on earned wage access, and a member of Oracle Partner Network (OPN), announced it is available on Oracle Cloud Marketplace and can be integrated with Oracle Fusion Cloud Human Capital Management (HCM). Oracle Cloud Marketplace is described as “a centralized repository… Read More

On-Demand Payments Fintech DailyPay, BMO to Offer Earned Wage Access Services

BMO is partnering with DailyPay to provide earned wage access to employees of BMO’s commercial clients, providing real-time access to their wages as they earn them with the funds deposited in their direct-deposit account and available to them for immediate use. Andrew Harrison, Head of… Read More

Earned Wage Access: Empeon, Keeper Integration Enables Financial Services for Healthcare Workers

Empeon, the enterprise-grade Human Capital Management (HCM) platform for health systems, announces its partnership with Keeper, an earned wage access (EWA) platform for healthcare workers. The two software providers are joining forces “to give healthcare organizations a powerful tool to combat chronic healthcare labor shortages… Read More

Earned Wage Access Fintech EarnIn Joins American Fintech Council

The American Fintech Council, an industry association representing fintech companies and banks, this week announced that EarnIn has become its newest member. EarnIn will join a growing group of diverse industry-leading earned wage access  companies. “EarnIn will add an important voice to a growing chorus… Read More

Earned Wage Access Fintech Immediate Closes $16M Round of Growth Funding

Immediate, an earned wage access company, announced a $16 million round of funding. These funds, split between growth equity and a working capital facility, will “enable Immediate to accelerate its growth trajectory in the workplace financial health sector.” Immediate explains that it “solves liquidity challenges… Read More

Financial Wellness Products Provider Rain Closes New Funding Round

Rain, a provider of financial wellness products that empower and engage employees, announced that it “raised $116 million, encompassing $66 million in equity and $50M in debt.” QED Investors and Invus Opportunities “led the Series A with participation from firms including WndrCo, Tribe Capital, and… Read More

Earned Wage Access Fintech Instant Financial Announces Key Updates

Instant Financial, the pioneer of fee-free, responsible earned wage access (EWA) solutions, unveiled its new website, brand positioning and card design to reflect the company’s  leadership in on-demand pay. Since its founding in 2015, Instant has “built the most comprehensive, fee–free earned wage access platform… Read More

Earned Wage Access Fintech Instant Financial Reports Steady Growth in Account Holders Among Existing Clients

Instant Financial, which claims to be the “pioneer” of fee-free, responsible earned wage access (EWA) solutions that help employees take control of their financial wellness, announced that the company “reached several growth milestones in 2022, confirming the demand for on-demand pay and electronic tips solutions… Read More

Earned Wage Access Fintech Paywatch Acquires $9M to Support Business Expansion Efforts

Earned Wage Access (EWA) service provider Paywatch has reportedly secured $9 million via a pre-Series A funding round that was led by existing investor Third Prime. The investment round also included contributions from Hana Ventures which is the venture division of Hana Financial Group in… Read More