Tagged: ewa

February 11, 2025 @ 9:12 pm By Omar Faridi  |  

Payd, a Malaysian fintech specializing in Earned Wage Access (EWA) solutions, has reportedly raised a $400,000 seed extension round from A2D Ventures, Orbit Startups, and AngelSpark. This investment will now aim to accelerate Payd’s mission to enhance the financial well-being of employees across Southeast Asia…. Read More

February 6, 2025 @ 11:06 am By Omar Faridi  |  

DailyPay, a worktech and provider of earned wage access and goHappy, the provider of frontline employee engagement solutions, announced a partnership designed to simplify frontline workers’ access to their earned wages. The partnership speaks to DailyPay’s commitment to making it easier for daily workers to… Read More

January 16, 2025 @ 7:04 pm By Omar Faridi  |  

Eminence Home Care, a home healthcare agency, has partnered with DailyPay to offer its employees the financial wellness benefit of earned wage access. By offering the benefit, Eminence Home Care is empowering its caregivers with choice and control over their earnings to “pay bills, spend,… Read More

December 8, 2024 @ 11:03 pm By Tony Zerucha  |  

A co-author of the Consumer Financial Protection Act of 2010 believes California’s new earned-wage access (EWA) rule is a positive step that other states can look to when building their own rules. Tom Scanlon is now the general counsel and chief compliance officer at Rain,… Read More

November 19, 2024 @ 1:13 pm By Omar Faridi  |  

Ascen, the Y Combinator-funded back office platform for contract staffing, announced its partnership with workforce payments platform Branch to offer faster payment solutions for staffing companies. The partnership enables staffing firms that turn to Ascen for EOR and payroll services to offer “same-day payouts” as… Read More

November 19, 2024 @ 11:43 am By JD Alois  |  

Minu, an employee wellness platform in Mexico, has raised $30 million Series B. Noted Fintech VC QED Investors led the funding round along with the participation of new investors Next Billion Capital Partners, Flourish Ventures, Promotora Impact Ventures, Endeavor Catalyst, Clocktower Technologies, and Working Capital… Read More

November 15, 2024 @ 3:26 pm By Omar Faridi  |  

Continuing Life retirement communities in California, marks two years of partnership with DailyPay – a worktech company and leading provider of earned wage access (EWA). Continuing Life retirement communities recognizes the importance of providing a good workplace for their team members – supporting, training, and… Read More

October 25, 2024 @ 4:09 pm By Omar Faridi  |  

DailyPay, Inc., a worktech company and provider of earned wage access, today announced it has secured an additional $100 million commitment to its secured credit facility capacity from Citi. The commitment doubles Citi’s commitment from $100 million to $200 million. DailyPay‘s total revolving secured debt… Read More

October 19, 2024 @ 4:34 pm By Tony Zerucha  |  

This week, XTM launched a Global Workers Payout Program called PayNow. XTM is a provider of payment solutions, including tipping-payout and certified earned wage access (EWA) through QRails AnyDay. The new program empowers temporary workers to open a secure digital bank account to receive earnings,… Read More

September 12, 2024 @ 6:30 am By Omar Faridi  |  

DailyPay is pleased to announce a new partnership with Montage International, the ultra-luxury hospitality management company headquartered in Southern California. DailyPay is a worktech company and the “provider of earned wage access in support of its partner employees’ financial wellness.” With DailyPay, Montage International team… Read More

August 28, 2024 @ 4:11 am By Omar Faridi  |  

Verge Mobile, a T-Mobile partner, marks five years of partnership with DailyPay – a worktech company and provider of earned wage access. Dedicated to providing its employees with the best workplace experience, Verge Mobile had reportedly “implemented DailyPay’s financial wellness benefit in August 2019.” Operating… Read More

August 25, 2024 @ 6:00 pm By Tony Zerucha  |  

While the Consumer Financial Protection Bureau’s (CFPB) recent interpretive rule on earned wage access (EWA) products has generated plenty of interest, Jason Lee believes history will view it as a small, but inevitable step towards its logical conclusion – zero-fee products. Lee is the founder… Read More

August 1, 2024 @ 11:53 am By Tony Zerucha  |  

The evolution of Earned Wage Access, or, in Marqeta’s (NASDAQ: MQ) case, Accelerated Wage Access (AWA), is part of a larger opportunity for employers to provide more efficient financial services to people they know better than most lenders – their employees. Chief revenue officer Todd… Read More

July 26, 2024 @ 3:55 pm By Omar Faridi  |  

As inflation remains stubbornly high, research shows millions of working Americans still live paycheck to paycheck, with little or no money to adequately save for the future or cover an untimely expense. Fortunately, many employers are “embracing new high-impact financial wellness benefits to help team… Read More

July 18, 2024 @ 1:43 pm By Omar Faridi  |  

Clair, the fintech company offering free Earned Wage Advances (EWA) originated by a national bank, announced a partnership with Gusto, an integrated, all-in-one software platform that automates and simplifies company payroll, benefits, and HR. Through this collaboration, Clair and Gusto are said to be breaking… Read More

June 30, 2024 @ 1:04 pm By Omar Faridi  |  

DailyPay, a Worktech company in the earned wage access (EWA) sector, and Carahsoft Technology Corp., a government IT Solutions Provider, announced a partnership to bring earned wage access to the Public Sector. Under the agreement, Carahsoft will serve “as DailyPay’s Master Government Aggregator, making the… Read More

June 26, 2024 @ 10:45 pm By Omar Faridi  |  

Retail Merchandising Servicing (RMS), a retail merchandising provider, celebrates one year with DailyPay–a worktech company and leader in earned wage access (EWA) to empower employees with choice and control over their pay. Headquartered in Brooklyn Park, Minnesota, RMS is said to be a preferred partner… Read More

June 20, 2024 @ 1:05 pm By Omar Faridi  |  

DailyPay, a worktech company, announced that its industry-leading earned wage access solution that supports the financial wellness of millions of workers nationwide has received Level 2 Certification based on the security requirements of the Texas Risk and Authorization Management Program (TX-RAMP). As part of the… Read More

May 31, 2024 @ 1:57 pm By Omar Faridi  |  

DailyPay, a worktech company and the leading provider of earned wage access, celebrates a significant milestone as South Carolina Governor Henry McMaster signed Senate Bill 700 into law on May 21, 2024. This legislation received bipartisan support and “created a new license for earned wage… Read More

May 16, 2024 @ 10:38 pm By Omar Faridi  |  

Chime, provider of a banking app, is announcing MyPay, a new offering that will aim to transform how everyday people access their pay in America. MyPay, Chime’s innovation, lets eligible members “access up to $500 of their pay, including government benefits, before payday with no… Read More