PayActiv

OverviewSuggest Edit

Based in Silicon Valley, PayActiv is led by a team of payment industry experts with a track record of delivering multiple innovative products. PayActiv investors include SoftBank Capital, founders and industry leaders. PayActiv provides employers with secure infrastructure and tools to increase employee productivity and engagement by reducing employee financial stress. PayActiv makes payroll work more effectively for the benefit of both employer and employees. PayActiv offers its solutions by partnering with forward-looking employers and financial wellness service providers. In the US alone, it is estimated that over 80 million employees are living paycheck to paycheck and they frequently use short-term loan products for income smoothing. PayActiv offers a dramatically better alternative to these employees. Employers who have chosen to partner with PayActiv have experienced remarkable improvement in financial wellness and engagement of their employees. The PayActiv solutions are available on both iOS and Android devices for small and large companies. Every effort has been made to bring PayActiv into a workplace with virtually no effort or cost.
TypePrivate
Founded2012
HQSan Jose, US
Websitepayactiv.com

Latest Updates

Employees (est.) (Sep 2019)58(+2%)

PayActiv Office Locations

PayActiv has an office in San Jose
San Jose, US (HQ)
4300 Stevens Creek Blvd
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PayActiv Financials and Metrics

Summary Metrics

Founding Date

2012

PayActiv total Funding

$33.6 m

PayActiv latest funding size

$20 m

Time since last funding

a year ago

PayActiv investors

PayActiv's latest funding round in October 2018 was reported to be $20 m. In total, PayActiv has raised $33.6 m
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Human Capital Metrics

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PayActiv Online and Social Media Presence

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PayActiv News and Updates

PayActiv streamlines earned wage access with Fiserv

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology...

Visa offers wages on demand to PayActiv payroll partners

Today, Visa (NYSE: V) and PayActiv announced a new agreement that enables real-time1 access to earne...

PayActiv Crosses $1 Billion in Processed Funds for Timely Earned Wage Access to the Underserved and Underbanked Workforce

SAN JOSE, Calif., Jan. 14, 2019 /PRNewswire/ -- After processing over $1 Billion, we are now able to quantify the true cost of financial stress experienced by two thirds of the American workforce. PayActiv surveyed users across hundreds of employers and asked, "What would you do if you...

Paying for Uber Just Got Easier for PayActiv Users

SAN JOSE, Calif., Jan. 8, 2019 /PRNewswire/ -- In a new partnership with Uber for Business, PayActiv is proud to announce an innovative method to access Uber service. Rides are now available to the many who were unable to access Uber service due to lack of liquidity and or banking status. ...

PayActiv adds Walmart as destination to pick up cash-based earned wages

PayActiv, the leading provider of employment-based holistic financial wellness services, is announci...

PayActiv raises $20 million

PayActiv, the largest provider of employment-based holistic financial wellness services, has raised...

PayActiv Frequently Asked Questions

  • When was PayActiv founded?

    PayActiv was founded in 2012.

  • How many employees does PayActiv have?

    PayActiv has 58 employees.

  • Who are PayActiv competitors?

    Competitors of PayActiv include Earnin, Famoco and Higher One.

  • Where is PayActiv headquarters?

    PayActiv headquarters is located at 4300 Stevens Creek Blvd, San Jose.

  • Where are PayActiv offices?

    PayActiv has an office in San Jose.

  • How many offices does PayActiv have?

    PayActiv has 1 office.