PayActiv

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.

TypePrivate
Founded2012
HQSan Jose, CA, US
Websitepayactiv.com
Employee Ratings4

Latest Updates

Employees (est.) (Apr 2021)179(+9%)
Cybersecurity ratingAMore

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
David Reidy

David Reidy

Chief Legal Officer
Adil Shabbir

Adil Shabbir

Chief Product Officer
Sabina Bhatia

Sabina Bhatia

Chief Customer Officer
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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
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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

9 months ago

PayActiv investors

PayActiv's latest funding round in August 2020 was reported to be $100 m. In total, PayActiv has raised $133.6 m
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Human Capital Metrics

Embed Graph
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PayActiv Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

PayActiv Online and Social Media Presence

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PayActiv News and Updates

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...

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 Awarded ISO/IEC 27001:2013 Certification

SAN JOSE, Calif., Dec. 29, 2020 /PRNewswire/ -- PayActiv Inc., the inventor and leader in earned wage access, announced it has received ISO/IEC 27001:2013 certification for provision of cloud based holistic financial wellness benefits and complete software-as-a-service solution. PayActiv...

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...
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PayActiv Blogs

Payactiv Wins “Company of the Year” in Financial Services at the 2021 American Business Awards®

Payactiv also captures “Corporate Social Responsibility Program of the Year” SAN JOSE, CA,—Payactiv, Inc, a leading provider of financial-empowerment services for wage earners, wins multiple Stevie® Awards at the 2021 American Business Awards. Key Facts Payactiv wins big at the […] The post Payactiv…

We Heard You – A tribute to humanity of all workers

We Heard You – A tribute to humanity of all workers By Payactiv Insights  |  May 3, 2021 Nominated for Webby Award Help Robby’s voice be heard by casting a vote by May 6. We are thrilled to share that […] The post We Heard You – A tribute to humanity of all workers appeared first on Payactiv.

Stand Out in the Hiring Process

Overview Stand Out in the Hiring Process: The Benefit Your Essential Workers Actually Want Finding great people to join your team is a constant challenge and it’s not getting easier any time soon. The people you hire are essential to […] The post Stand Out in the Hiring Process appeared first on Pay…

29 Words and 1 Essential App

29 words and 1 essential app April 27, 2021 You spoke, we listened. Thank you. Our app is a response to the pressing needs of millions of Americans that represent these 29 words. It is their emotion that guided us […] The post 29 Words and 1 Essential App appeared first on Payactiv.

Podcast: The Next Generation of FinTech

Hear what Gen Z and Millennials are looking for when choosing a place to work and how they play a role in the future of FinTech. The post Podcast: The Next Generation of FinTech appeared first on Payactiv.

Payactiv Offers Earthwise High Content Payment Cards from CPI Card Group

CPI® and Payactiv Demonstrate Commitment to More Eco-Friendlier Business Practices with Upcycled Plastic Payment Cards San Jose, CA. – April 22, 2021 – In Celebration of Earth Day, Payactiv to Offer Users Earthwise™ High Content Payment Cards from CPI Card […] The post Payactiv Offers Earthwise High…
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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 179 employees.

  • Who are PayActiv competitors?

    Competitors of PayActiv include Earnin, Vipps and Transfast.

  • 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.