After seeing the data about the millions of people living paycheck-to-paycheck, we applied our payments industry experience to find a way for no working American to ever have to pay predatory fees for access to cash, pay bills, or transfer funds. To deliver an ecosystem of financial services that address employee financial stress at the root cause is our mission. PayActiv launched in 2014.

Who we serve

PayActiv serves thousands of employees and industries all across the board—restaurants, factories, hospitals, retail stores, and many more. Since PayActiv shows such high success rates in improved employee financial wellness and profitability, this tells us rethinking traditional payroll schedules is conducive to financial health. Companies using PayActiv nationwide include Walmart, Bay Care, Alorica, Results Co, TTEC, NPC, Overstock, Perdue Foods, and many many more.


PayActiv is 200 people and headquartered in San Jose, California. The company has received $17.2M in funding to date; investors include Softbank Capital.

Key terms

  • Earned Wage Access - Financial technology service that allows users to receive on demand a portion of their wages for hours they have already worked but not yet been paid for by their employer. PayActiv invented Earned Wage Access in 2012.
  • FinTax - The unfair financial tolls and penalties hoisted upon the shoulders of over 90 million Americans living paycheck to paycheck, solely because they have little if any margin for error in their financial dealings. PayActiv first used the term Fin-Tax in 2015.
  • Between Paychecks - The period where a lower income worker has earned but can’t access their wages.
  • PayActiv - Making payments active.

PayActiv in the News

Evolution of Pay

  • Nov 15, 2017

    Early History

    • 10,000-6,000 BC: First salary believed to be paid.
    • 700 BC: Ancient commands about timely payment of wages (Deuteronomy 24:15).
    • 610 AD: Al-Baghawi wrote: "Pay the laborer his just wages before the sweat on his brow dries up."
  • Nov 15, 2017

    14th Century

    • Bookkeeping/accounting became essential business practices.
  • Nov 15, 2017


    • First computerized payroll system is created.
  • Nov 15, 2017


  • Nov 15, 2017


    • First PayActiv customer goes live and employees are delighted.
    • PayActiv announces funding round of $4.3M on June 19th, 2014.
  • Nov 15, 2017


    • PayActiv runs national trials to measure impact on lives of employees.
  • Nov 15, 2017


    • PayActiv announces $9.2M funding from Softbank Capital on February 16th.
    • Barron’s writes, “PayActiv would increase the velocity of money in our economy."
    • PayActiv awarded Best of FinTech Show at FinovateSpring 2016 on May 13th.
    • PayActiv awarded Top HR Product of 2016 on September 19th.
  • Nov 15, 2017


    • PayActiv expands to 32 states in the U.S.
    • PayActiv's Timely Access to Earned Wages powers Walmart's financial wellness service
  • Nov 15, 2017


    • PayActiv expands nationwide in the U.S.
    • Globally in Philippines, Brazil, Australia
    • May 2018 Harvard Kennedy School working paper demonstrates how salary link model of PayActiv Earned Wage Access lowers employee turnover by 19% and employees save on average $30 and avoid a bank overdraft or late payment
    • July 2018 - PayActiv Joins ADP Marketplace to Provide Workers with Timely Access to Earned Wages
    • September 2018 - PayActiv raises $20 million from Generation Partners in a Series B financing round.
  • Nov 15, 2017


    • Jan 2019 PayActiv Crosses $1 Billion in Processed Funds for Timely Earned Wage Access to the Underserved and Underbanked Workforce.
    • Sep 2019 PayActiv Becomes Public Benefit Corporation.
  • Nov 15, 2017


    • January 2020 PayActiv processes $2.5 billion, serving over a million users.

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

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

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