Tagged: payactiv

January 3, 2021 @ 9:00 pm By Timothy Li  |  

Fintech enthusiasts welcome back to my 5th annual “Top Ten” Fintech prediction series. This year I’ve met a lot of powerful movers and shakers in the Fintech space. My take away from these meetings and interactions is how little do I know about this ever-expanding… Read More

December 30, 2020 @ 3:13 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has issued “compliance assistance sandbox” (CAS) approval for PayActiv regarding its “earned wage access” (EWA) products.  EWA products allow employees access to their earned but unpaid wages prior to payday. A Public Benefit Company, Payactiv can help employees access… Read More

September 20, 2020 @ 9:53 pm By Samantha Hurst  |  

Benefitfocus, Inc. (NASDAQ: BNFT), a technology platform provider enabling rapid innovation for employers, health plans and consumers, recently announced it has named employment-based holistic financial wellness services PayActiv as its new financial wellness partner. Founded in 2000, Benefitfocus claims it unifies the entire U.S. benefits industry on… Read More

August 13, 2020 @ 10:45 pm By Samantha Hurst  |  

  PayActiv, a U.S.-based provider of employment-based holistic financial wellness services, announced on Thursday it secured $100 million through its Series C funding round, which was led by Eldridge and includes existing PayActiv shareholders Generation Partners and the Ziegler Link•Age Fund II. As previously reported,… Read More

September 18, 2019 @ 1:31 pm By Samantha Hurst  |  

PayActiv, a U.S.-based provider of employment-based holistic financial wellness services, announced on Wednesday it has become a Public Benefit Corporation, which is described as a corporation that performs a specific function for the benefit of the public. According to Safwan Shah, CEO of PayActiv, the… Read More

March 7, 2019 @ 8:36 am By Samantha Hurst  |  

Visa (NYSE: V) announced on Thursday it has teamed up with PayActiv to enable real-time access to earned wages disbursed. According to the duo, the demand for instant access to earned funds has now extended to traditional batch payroll and PayActiv’s partner businesses may now… Read More

January 14, 2019 @ 1:28 pm By Samantha Hurst  |  

PayActiv, a U.S.-based provider of employment-based holistic financial wellness services, announced on Monday it has surpassed $1 billion in processed funds for timely earned wage access to the underserved and underbanked workforce. Speaking about the milestone, Safwan Shah, Founder and CEO of PayActiv, stated: “Financial stress is at… Read More

October 10, 2018 @ 11:32 am By Samantha Hurst  |  

PayActiv, a U.S.-based provider of employment-based holistic financial wellness services, announced on Wednesday it secured $20 million through its Series B financing round, which was led by Generation Partners. As previously reported, PayActiv was founded in 2012 and described itself as a holistic financial wellness platform for… Read More

July 25, 2018 @ 8:43 am By Samantha Hurst  |  

PayActiv, a U.S.-based provider of employment-based holistic financial wellness services, announced on Wednesday it has joined the ADP Marketplace, an HCM industry’s ecosystem for business applications, to offer its full suite of employment-centric financial wellness solutions. PayActiv reported that through the integration, ADP clients gain access to… Read More