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 Ratings4.2

Latest Updates

Employees (est.) (May 2022)263
Cybersecurity ratingAMore
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Key People/Management at PayActiv

Sohail Aslam

Sohail Aslam

Co-Founder and Chief Technology Officer
Safwan Shah

Safwan Shah

Founder, Chief Executive Officer
Ijaz Anwar

Ijaz Anwar

Co-Founder, Chief Operating Officer
Sabina Bhatia

Sabina Bhatia

Chief Customer Officer
David Tate

David Tate

Chief Revenue Officer
Shehzad Zaman

Shehzad Zaman

Director, Support Operations
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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

2 years 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

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PayActiv Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

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PayActiv Online and Social Media Presence

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PayActiv News and Updates

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.

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...

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,...

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...

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.
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PayActiv Blogs

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.

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 …

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…

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…

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 …

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…
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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 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.