Press Releases
Oct 10, 2018
PayActiv Raises $20 Million to Expand Financial Wellness Offering for Millions of Financially Stressed Workers
PayActiv, the largest provider of employment-based holistic financial wellness services, has raised $20 million from Generation Partners in a Series B financing round. Generation Partners has joined early round investors Ziegler Link•Age Fund II and affiliate funds of Softbank Capital in helping PayActiv end predatory fees and debt cycle for millions of workers.
July 25, 2018
PayActiv Joins ADP Marketplace to Provide Workers with Timely Access to Earned Wages
PayActiv, a provider of employment-based holistic financial wellness services, has joined the ADP® Marketplace, the HCM industry’s preeminent ecosystem for business applications that can potentially reach over600,000 employers representing approximately 26 million employees, to offer its full suite of employment-centric financial wellness solutions.
Dec 13, 2017
Walmart Offers New Financial Wellness Services for Associates Nationwide
“With on-demand access to earned wages, Walmart associates will be able to save more, avoid the financial traps that reduce their take-home pay, and get a level of stability that few service sector employers provide.” said Safwan Shah, Founder and CEO of PayActiv.
August 30, 2017
Hurricane Harvey Is Another Example of Why Employee Financial Wellness is a Critical Need Today
PayActiv is stepping up for its employer partners to deliver Earned Wage Access to disaster-struck employees.
September 19, 2016
PayActiv's Financial Wellness Solution Awarded HRE's Top Products of 2016
PayActiv’s groundbreaking solutions promote financial wellness to assist the 90 million U.S. workers living paycheck-to-paycheck.
May 13, 2016
PayActiv Awarded Best of Show at FinovateSpring 2016
PayActiv, a provider of turnkey, employer-sponsored financial wellness solutions, was among the six companies selected as Best of Show, out of 72 companies demoing at FinovateSpring 2016.
May 10, 2016
PayActiv to Demo “Save in Units of Time” Financial Wellness Solution at FinovateSpring 2016
PayActiv empowers working people with debt-free access to up to $500 of earned – but as of yet, unpaid – income instantly, promoting financial resiliency.
February 17, 2016
PayActiv Secures $9.2 Million in Financing to Innovate Financial Wellness Efforts That Reduce Financial Stress and Increase Productivity in the Workplace
Following a successful 2015, PayActiv announced that it has secured $9.2 million in financing from investors since the company was seeded by an early stage fund affiliated with SoftBank Capital.