PayActiv

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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
Employee Ratings3.6

Latest Updates

Employees (est.) (Sept 2020)130(+9%)
Cybersecurity ratingBMore

Key People/Management at PayActiv

Sohail Aslam

Sohail Aslam

Co-Founder and CTO
Safwan Shah

Safwan Shah

Founder and CEO
Ijaz Anwar

Ijaz Anwar

Co-Founder and COO
Sabina Bhatia

Sabina Bhatia

Chief Customer Officer
Shehzad Zaman

Shehzad Zaman

Director, Support Operations
Kabir Misra

Kabir Misra

Director
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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

$133.7 m

PayActiv latest funding size

$100 m

Time since last funding

a month ago

PayActiv investors

PayActiv's latest funding round in August 2020 was reported to be $100 m. In total, PayActiv has raised $133.7 m
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PayActiv Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

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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 secures $100 million in funding

PayActiv, Inc., the leading employer-sponsored earned wage access and holistic financial wellness platform, today announced that it has secured $100 million of funding to further its mission of bringi

81% of Users Will Stay with Their Employer Because of the PayActiv Benefit

SILICON VALLEY, Calif., Oct. 2, 2019 /PRNewswire/ -- Today at the HR Tech 2019 conference, PayActiv, the leading provider of affordable access to financial services, announced the results of its latest survey on employee retention. The survey found that over 81% of respondents said that...

PayActiv Becomes Public Benefit Corporation

SAN JOSE, Calif., Sept. 18, 2019 /PRNewswire/ -- Today, PayActiv, Inc., the leader in employer sponsored, holistic financial wellness service for employees, announced that it has become a Public Benefit Corporation (PBC) by making a commitment to produce a public benefit and operate in a...

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...
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PayActiv Blogs

Gen Z: The Digital Generation That Needs Earned Wage Access

The latest generation to enter the workforce expects immediate access to anything they need. What can employers offer to help? The post Gen Z: The Digital Generation That Needs Earned Wage Access appeared first on PayActiv.

3 Ways to Respond to Employee Fears When Reopening

The gradual reopening of American business is underway after months of lockdown amid the COVID-19 pandemic. What should we respond to employees' fears? The post 3 Ways to Respond to Employee Fears When Reopening appeared first on PayActiv.

The Most Important Number for Employers

We know that CFOs, HR, and payroll managers are overwhelmed with logistics and compliance. But what's the most important number for employers? The post The Most Important Number for Employers appeared first on PayActiv.

The Journal, a Single Mom’s Struggle

Everyone should have the right to enjoy holidays the way he/she wants to. Come see a single mother's journal discovered by her daughter. The post The Journal, a Single Mom’s Struggle appeared first on PayActiv.

Financial Freedom and the Responsibility of Being a Leader

A great supervisor cares about his team members' financial freedom and wellness. Come see a true testimonial story of a supervisor. The post Financial Freedom and the Responsibility of Being a Leader appeared first on PayActiv.

Demystifying Certified B Corps and Public Benefit Corporations

Any business can claim to be operating “sustainably” or “consciously,” but it’s not always clear what those terms mean. So what's Certified B Corps? The post Demystifying Certified B Corps and Public Benefit Corporations appeared first on PayActiv.
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PayActiv Frequently Asked Questions

  • When was PayActiv founded?

    PayActiv was founded in 2012.

  • Who are PayActiv key executives?

    PayActiv's key executives are Sohail Aslam, Safwan Shah and Ijaz Anwar.

  • How many employees does PayActiv have?

    PayActiv has 130 employees.

  • Who are PayActiv competitors?

    Competitors of PayActiv include Earnin, Autopaid and CPI Card Group.

  • 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.