Tagged: earned wage access

September 22, 2023 @ 11:04 am By Omar Faridi  |  

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

September 15, 2023 @ 9:09 am By Omar Faridi  |  

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

September 8, 2023 @ 4:50 am By Tony Zerucha  |  

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

July 31, 2023 @ 8:19 am By Omar Faridi  |  

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

March 23, 2023 @ 9:46 pm By Omar Faridi  |  

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

January 21, 2023 @ 1:35 pm By Omar Faridi  |  

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

December 16, 2022 @ 10:27 am By Omar Faridi  |  

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

December 11, 2022 @ 10:06 pm By Omar Faridi  |  

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

April 13, 2022 @ 11:15 pm By Tony Zerucha  |  

Wagestream, a financial wellbeing app, has raised a $175 million Series C funding round. The company was founded in 2018 by Peter Briffett (CEO), Portman Wills (CTO) and a group of financial charities to give people access to a set of fairer financial services, delivered… Read More

November 30, 2021 @ 10:39 pm By Tony Zerucha  |  

GajiGesa, an Indonesia-based company that offers financial wellness solutions that include the Earned Wage Access (EWA) program, today announced a $6.6 million pre-Series A round. New contributors to the round include MassMutual Ventures, January Capital, Wagestream, Oliver Jung, Patrick Walujo, Chee-Yann Wong, RS. Bunda Group,… Read More

October 5, 2021 @ 7:43 am By Omar Faridi  |  

A significant 92% of consumers given Earned Wage Access (EWA), a service that allows people to get paid as they earn, said that it helped them to settle bills on time, “avoid overdraft fees and payday loans, and become less dependent on credit cards –… Read More

September 8, 2021 @ 4:43 pm By Omar Faridi  |  

As part of its increased B2B focus and overall business strategy, Netspend is introducing the Netspend Earned Wage Access platform and mobile app, which will enable companies to provide their workers with on-demand access to accrued wages or earnings that the employees have already earned… Read More

June 27, 2021 @ 7:44 pm By Omar Faridi  |  

Fifth Third Bank Momentum Checking clients will now be able to get access to their paychecks up to 2 days early. The US-based lender had started offering the Early Pay option in certain markets earlier in 2021 in order to assist its customers with avoiding… Read More

June 12, 2021 @ 8:34 pm By Omar Faridi  |  

New York-based Clair, an earned wage firm for gig economy workers and technology contractors, has finalized a $15 million Series A round that was led by Thrive Capital. Clair’s latest investment round brings the Fintech firm’s total funding to $19.5 million. The company’s seed round… Read More