A Leader in Earned Wage Access, PayActiv is a financial technology company that has built a comprehensive suite of turnkey, employment-based financial wellness offerings. As a certified B Corp., the company’s mission is to bring viable alternatives to conventional small dollar and expensive lending products that lead individuals into a downward spiral of indebtedness. Based in Silicon Valley, PayActiv has won best in class awards in both FinTech & HRTech and is the provider for Earned Wage Access to Walmart, plus hundreds of businesses in retail, aging care, healthcare, BPOs, and other service industries.
The PayActiv financial wellness platform is a first-of-its-kind, holistic financial wellness solution that provides workers on-demand timely access to their earned but unpaid wages, savings and budgeting tools, bill payment, financial literacy, and many financial inclusion services. Businesses that offer PayActiv as a financial wellness benefit to their employees see significant cost reductions through increased recruitment, engagement and retention. Employees love PayActiv because it eliminates the expensive between-paychecks tolls of payday loans, bank overdrafts and late fees. Employees download the mobile app and can start accessing all services from day one.
Benefits of implementing PayActiv in your workplace:
- Help low-wage workers escape high-cost lending traps
- Improves employee health outcomes, morale, engagement, and productivity
- Improvement in overall financial wellbeing through financial literacy resources on debt, savings, and budgeting (PayActiv Awarded Best of Show at Finovate Spring 2016)
- 98% employee satisfaction, 80% adoption rate, 30% reduced turnover, with a Net Promotor score of 84
It's About Time: The Film
Converting Financial Stress into Financial Wellness for Caregivers - Click Here to View the Recorded Webinar
“PayActiv gives our employees access to their income sooner to help with unexpected financial challenges. It helps reduce stress which allows them to focus more on their families and the residents we are blessed to serve. And the PayActiv processes are easy for the employee and the company - a real win-win for everyone!"
Chief People Officer at Otterbein
“Our Caregivers are out #1 resource. With seamless access to their earned wage,s PayActiv serves as another tool demonstrating our commitment to their well-being. With a clear impact on recruiting and retention PayActiv is a can’t miss solution! Adopting PayActiv is another tool that assists our Veterans and demonstrates our commitment to those who have answered the call to serve our Nation in time of need.”
Owner & CEO at Comfort Keepers Manassas
“Imagine how challenging it is for the mother who needs extra childcare, food or gas before the next paycheck is due. She may be working extra hours to pay for something extra, but traditionally she has to wait until payday to actually receive the money. Also, people get behind and have to try and borrow money until their next paycheck. I was thrilled to see this program [PayActiv] and delighted to bring it to the staff. Right now about one-third of the staff are using the program.”
President and CEO at Nazareth & Sacred Heart Home
Free Liquidity for Workers during the COVID-19 Crisis
Timely Earned Wage Access
Turn Financial Stress into Financial Wellness
The Four Big Benefits of Offering PayActiv
The PayActiv Difference - Employees First
PayActiv and Aging Services - Case Studies
Video Documentary - It's About Time
Interested in Getting Started with PayActiv?
If you would like to see how PayActiv works and how to get it implemented for your company, send us a note, we’d love to share our platform with you and answer any questions.