Status quo is simply NOT acceptable

 

Every working person deserves financial security, dignity and savings

Status quo is simply NOT acceptable

 

Every working person deserves financial security, dignity and savings

On average, low-to-moderate income families pay more than $300/month in fees and interest

Fee traps - financial services living paycheck to paycheck

Fee trap

Banks and Credit cards

In 2014, people paid $120 billion to banks in overdraft and credit card fees+interest

* 2014 CFSI Underserved Market Size, R.K Hammer

No one needs more loans
We need better solutions

Debt traps - financial services living paycheck to paycheck

Debt trap

Payday loans, Title loans, Installment loans

In the same year, people paid $138 billion in fees and interest to access financial services.

* 2014 CFSI Underserved Market Size, R.K Hammer

On average, low-to-moderate income families pay more than $300/month in fees and interest

Fee traps - financial services living paycheck to paycheck

Fee trap

Banks and Credit cards

In 2014, people paid $120 billion to banks in overdraft and credit card fees+interest

* 2014 CFSI Underserved Market Size, R.K Hammer

No one needs more loans
We need better solutions

Debt traps - financial services living paycheck to paycheck

Debt trap

Payday loans, Title loans, Installment loans

In the same year, people paid $138 billion in fees and interest to access financial services.

* 2014 CFSI Underserved Market Size, R.K Hammer

Where do people living paycheck to paycheck go if they need $400?

 

  • Credit cards – pay interest and risk debt trap of rotating balance
  • Overdraft – pay bank penalty of $35 on average
  • Friends and family – are quick to judge, loss of dignity
  • Pay advance – exception to the rule, risk to employment
  • Payday loans – pay predatory interest rates and risk debt spiral

financial services help

47% of Americans don't have enough savings

FRB Report on Economic Well-Being of U.S. Households May 2015

The PayActiv Invention

PayActiv financial wellness services solve the small dollar need for emergencies and cash droughts by providing access to earned but unpaid wages. We're helping employees avoid penalties of late payments or predatory loans to overcome their crisis.

Funds for emergencies? Just the beginning...

PayActiv also comes with a revolutionary allocation and savings tool to help employees plan for future, plus free financial services to pay bills online, make bank transfers, and earn rewards.

Awarded Best of Show at Finovate Spring 2016

Awarded Best of Show at Finovate Spring 2016

The PayActiv Invention

 

PayActiv financial wellness services solve the small dollar need for emergencies and cash droughts by providing access to earned but unpaid wages. We're helping employees avoid penalties of late payments or predatory loans to overcome their crisis.

Funds for emergencies? Just the beginning...

PayActiv also comes with a revolutionary allocation and savings tool to help employees plan for future, plus free financial services to pay bills online, make bank transfers, and earn rewards.

Game Changer

A financial wellness solution to get OUT of debt not INTO debt

 

PayActiv empowers people to manage the timing of their income so that it coincides with their expenses, eliminating the need for small dollar loans.

Some well-meaning employers have asked, "will early access hurt workers?" Embedded within this question is a common judgment that a low-income individual must be unable to handle their finances. Studies have shown that low-income workers manage their finances day to day. Typically, they get bi-weekly pay, and once rent is paid, the ensuing days may create a cash drought until the next payday. Ultimately, it is these periods of vulnerability that create the demand for predatory lending.

The better question to ask is, “are current financial systems designed to meet the needs of people living paycheck-to-paycheck?” The problem is, until now there were only bad choices to pick from. These bad choices push the already vulnerable over the edge, where they succumb to constant indebtedness and exorbitant financing fees. PayActiv is a NO DEBT financial service. And we’re the only one.

 

color of wealth - financial services living paycheck to paycheck

"Every once in a while, a product comes along that is too good to be true in its simplicity and precision," the unparalleled reception I received from businesses, academics, activists and policy-makers at the 2016 Color of Wealth Summit.

Director of Impact, PayActiv


PayActiv fintech solution for financial inclusion

 The PayActiv solution works for people, businesses and society.

 

Join the growing number of businesses signing on as their corporate responsibility.

 The PayActiv solution works for people, businesses and society.

 

Join the growing number of businesses signing on as their corporate responsibility.

Contact Us

Setup a meeting or send your questions. We are ready with the most effective and socially-responsible financial wellness solution for your employees.

Benefits of PayActiv for Your Business Operations

Employee Recruitment
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Employee Retention
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Employee Engagement
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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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