PayActiv
- Total Funding$133.6 M
OverviewSuggest Edit
PayActiv is a company developing a financial wellness app. It offers earned wage access or EWA, which allows users to receive a portion of their earned but unpaid wages between paychecks. The company also provides prepaid and payroll cards as well as an employer portal.
| Type | Private | |
| Founded | 2012 | |
| HQ | San Jose, CA, US | Map |
| Website | payactiv.com | |
| Employee Ratings |
Latest Updates
| Employees (est.) (May 2022) | 263 | |
| Cybersecurity rating | A | More |
Key People/Management at PayActiv
Sohail Aslam
Co-Founder and Chief Technology Officer
Safwan Shah
Founder, Chief Executive Officer
Ijaz Anwar
Co-Founder, Chief Operating Officer
Sabina Bhatia
Chief Customer Officer
David Tate
Chief Revenue Officer
Shehzad Zaman
Director, Support Operations
PayActiv Office Locations
PayActiv has an office in San Jose
San Jose, CA, US (HQ)
4880 Stevens Creek Blvd #102
San Jose, CA, US
4300 Stevens Creek Blvd # 185
PayActiv Financials and Metrics
Summary Metrics
Founding Date | 2012 |
PayActiv total Funding | $133.6 m |
PayActiv latest funding size | $100 m |
Time since last funding | 2 years ago |
PayActiv investors | SoftBank Capital, Generation Partners, Ziegler Link·Age Fund, Eldridge, Security Benefit |
PayActiv's latest funding round in August 2020 was reported to be $100 m. In total, PayActiv has raised $133.6 m
Human Capital Metrics
PayActiv Cybersecurity Score
Competitors
PayActiv Online and Social Media Presence
1.59k Twitter followers
PayActiv has 1.59k Twitter Followers. The number of followers has increased 0.2% month over month and increased 1.4% quarter over quarter
PayActiv's Trends
Twitter Engagement Stats for @payactiv
2.7k
Tweets
190
Following
1.6k
Followers
43
Tweets last 30 days
0.4
Avg. likes per Tweet
41.9%
Tweets with engagement
PayActiv News and Updates
February 21, 2022
US Bank taps Payactiv for earned wage access product
U.S. Bank today announced a new solution with Payactiv to bring Earned Wage Access (EWA) to U.S. Bank clients.
November 24, 2021
Payactiv Named 2021 BAI Global Innovation Award Finalist
SAN JOSE, Calif., Nov. 24, 2021 /PRNewswire/ -- Payactiv, Inc, a certified B Corp and the leader in Earned Wage Access (EWA), is named a finalist in the 2021 BAI Global Innovation Awards. Key Facts Payactiv is a finalist in the 11th annual BAI Global Innovation Awards in the "Human...
July 21, 2021
Sridhar Ande Joins Payactiv as CFO
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. Key Facts As CFO,...
July 14, 2021
Payactiv Wins "Best For The World™" B Corp for Excellence Beyond Profit
SAN JOSE, Calif., July 14, 2021 /PRNewswire/ -- Payactiv, Inc., a Certified B Corp and leading provider of financial-empowerment services for wage earners, has been named a "Best for the World™" B Corp in recognition of its exemplary performance beyond commercial metrics. "Best for the...
March 03, 2021
Hancock Whitney Bank Offers PayActiv EWA Program to Business Clients
SAN JOSE, Calif., March 2, 2021 /PRNewswire/ -- PayActiv, the only EWA Program to receive an Approval Order from the Consumer Financial Protection Board (CFPB), welcomes Hancock Whitney, the first bank to offer PayActiv's financial wellness solution to its bank clients. Starting...
January 05, 2021
PayActiv wins CFPB approval for earned wages access programme
The Consumer Financial Protection Bureau today issued a groundbreaking approval order (Approval) confirming that Payactiv's Earned Wage Access (EWA) Program is not credit and therefore is exempt from the federal Truth in Lending Act (TILA) and Regulation Z rules governing creditors.
PayActiv Blogs
May 26, 2022
How to Get Your Side Hustle to Pay Your Bills
One of the most popular ways to grow your income today is with a side hustle. A side hustle is a part-time business you run on your own outside of a full-time job. This isn’t a second job. It is […]
The post How to Get Your Side Hustle to Pay Your Bills appeared first on Payactiv.
May 26, 2022
QSR Tip Sheet
Since the first burger flip, quick turnover has plagued the QSR industry. However, today’s overwhelming staff shortages are spotlighting a new need for C-A-R-E (Connection, Authenticity, Relatability, Engagement). Employers that show C-A-R-E to their workforce by implementing benefits like Payactiv …
May 24, 2022
What is Direct Deposit? How to Set It Up Within Your Payactiv Account
Direct deposit is when money moves electronically into your bank account rather than through a physical, paper check. Direct deposit allows employers to transfer a paycheck from their company bank account to an employee’s bank account. According to DirectDeposit.org, “Direct […]
The post What is Dir…
May 24, 2022
5 Signs Your Employees Are Struggling Financially (and What to Do About It)
From maxed-out credit cards and mounting student loan debt to rising interest rates, more workers across the country are struggling to make ends meet. A recent survey found that the number one cause of anxiety among employees is money, with […]
The post 5 Signs Your Employees Are Struggling Financia…
May 20, 2022
Payactiv Named Best Innovative or Emerging Tech Solution at 2022 HR Tech Awards
We are thrilled to announce that the Payactiv Livelihood Platform has been recognized as the award winner for Best Innovative or Emerging Tech Solution in the Total Rewards and Employee Wellbeing category of the 2022 HR Tech Awards by the […]
The post Payactiv Named Best Innovative or Emerging Tech …
May 17, 2022
Every Day Pay: An Innovative Solution in a Digital World
Have you ever wondered why most employees are paid biweekly or monthly? The evolution of pay models and practices is an interesting topic, but one that also begs the question: In a digital world with a growing cultural shift towards […]
The post Every Day Pay: An Innovative Solution in a Digital Wor…
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 263 employees.
Who are PayActiv competitors?
Competitors of PayActiv include Dave, Earnin and Telepass.
Where is PayActiv headquarters?
PayActiv headquarters is located at 4880 Stevens Creek Blvd #102, San Jose.
Where are PayActiv offices?
PayActiv has an office in San Jose.
How many offices does PayActiv have?
PayActiv has 2 offices.
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