Senior Visa executive will lead Payactiv finance as market demand for earned-wage access and financial-empowerment solutions heats up
SAN JOSE, Calif., July 21, 2021 /PRNewswire/ — Payactiv, Inc., a leading provider of financial-empowerment services for wage earners, hired veteran financial-services executive Sridhar Ande as chief financial officer to execute on a new phase of its accelerated growth.
The Big Picture
Payactiv, a Public Benefit Corporation and Certified B-Corp, is a holistic financial-wellness platform that provides employees on-demand access to earned but unpaid wages. Businesses that partner with Payactiv see significant cost reductions through increased recruitment, engagement and retention. Employees love Payactiv because it eliminates the expensive between-paycheck toll of payday loans, bank overdrafts and late fees. Payactiv offers a suite of financial services that includes savings and budgeting tools, bill payment and financial-health measurement. Payactiv is the winner of 2021 American Business Awards’ Company of the Year for Financial Services award, the Innovative Payments Association’s Consumer Champion award, a Finovate winner and finalist, and the recipient of numerous best-in-class awards in both FinTech & HRTech.
In 2020, Payactiv released a short film titled, “We Heard You.” Learn more at www.payactiv.com.