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PayActiv White Paper

FinTech Solution for Financial Wellness of Employees

FinTech solution for financial wellness of employees

An estimated 90M workers in the US are living paycheck to paycheck and even a tiny financial shock can cause late fees, bank penalties and the need for very expensive payday advances. Clearly, waiting for payday is expensive. It is very very expensive AND it hurts businesses as well as its workers.

The  industry needs a fintech solution that is not just a band aid but a debt-free fix to deal with financial shocks when they occur, along with a long term strategy to build savings.

Every week over $100 Billion is earned but remains unpaid because of inefficiencies of the current systems. Due to technological limitations, businesses pay employees either weekly, bi-weekly or monthly. Between paychecks, while waiting for pay, employees are incurring devastating costs and stress.

PayActiv has invented a fintech solution that eliminates the cost and stress, giving employees access to a portion of their earned wages, at the time when they need it the most.

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This solution can not only alleviate financial stress for the workers instantly but also serve as a financial wellness benefit of the highest value. 

It's more than a paycheck.
It's peace of mind.

It's more than a paycheck. It's peace of mind.

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