PayActiv

PayActiv is a financial wellness platform that allows employees to access their paychecks. Read more

473 Followers on Owler
473 Followers on Owler
473 Followers on Owler
473 Followers on Owler

PayActiv

PayActiv is a financial wellness platform that allows employees to access their paychecks. Read more

Safwan Shah's photo - Founder & CEO of PayActiv

Founder & CEO

Safwan Shah

CEO Approval Rating

76/100

Founded:

2012

Status:

PrivateIndependent Company

PAYACTIV TOP COMPETITORS OR ALTERNATIVES

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FlexWage is one of PayActiv's top rivals. FlexWage's headquarters is in Mountainside, New Jersey, and was founded in 2009. Like PayActiv, FlexWage also competes in the Application Software industry. FlexWage generates 29% of PayActiv's revenue.

Instant has been one of PayActiv's top competitors. Instant was founded in 2015 in Alpharetta, Georgia. Like PayActiv, Instant also operates in the Application Software field. Instant generates $30.7M less revenue than PayActiv.

Even is one of PayActiv's top competitors. Even was founded in Oakland, California} in 2014. Like PayActiv, Even also competes in the Application Software sector. Compared to PayActiv, Even generates $20M less revenue.

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Growth Score - 1/1

Is $32.5M a good estimate for PayActiv's revenue?

PayActiv Acquisitions

No recent acquisitions found related to PayActiv

PayActiv Funding History

Since PayActiv was founded in 2012, it has participated in 4 rounds of funding. In total PayActiv has raised $133.5M. PayActiv's last funding round was on Aug 2020 for a total of $100.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Series C
Aug 2020
$100M

Eldridge

Series B
Oct 2018
$20M
Series A
Feb 2016
$9.2M
Seed
Jun 2014
$4.3M

Since PayActiv was founded in 2012, it has participated in 4 rounds of funding. In total PayActiv has raised $133.5M. PayActiv's last funding round was on Aug 2020 for a total of $100.0M

PayActiv Investments

No recent investments found related to PayActiv

PayActiv News

January 5, 2021Finextra

PayActiv wins CFPB approval for earned wages access programme

The Consumer Financial Protection Bureau today issued a groundbreaking approval order (Approval) conf... See more »
December 30, 2020MarketScreener

PayActiv Awarded ISO/IEC 27001:2013 Certification

(marketscreener.com) SAN JOSE, Calif., Dec. 29, 2020 /PRNewswire/ -- PayActiv Inc., the inventor and ... See more »
September 17, 2020Micro Small Cap

Benefitfocus Adds PayActiv as Financial Wellness Partner

On-demand access to earned wages helps improve workplace engagement, recruitment and retentionCHARLES... See more »
June 30, 2020PaymentsSource

Early wage access provider PayActiv's pandemic response leads to new business model

When PayActiv ended its coronavirus-related fee holiday this month, it didn't just go back to the way... See more »
April 2, 2020The Paypers

Paychex, PayActiv help business and employees with on-demand pay option

Paychex and PayActiv have aligned to offer a cash incentive for businesses looking to provide workers... See more »
October 3, 2019Recruiting Headlines

PayActiv Says Most Shift Workers Would Stay with Employer Who Has Their Benefit

Today at the HR Tech 2019 conference, PayActiv, the leading provider of affordable access to financia... See more »
September 18, 2019Crowdfund Insider

U.S. Fintech PayActiv Becomes Public Benefit Corporation

PayActiv, a U.S.-based provider of employment-based holistic financial wellness services, announced o... See more »

PayActiv Blogs

December 10, 2020PayActiv Blog

6 Wellness Boosting Tips

You have the power to improve your wellness, and you don’t have to break the bank getting there. The ... See more »
December 9, 2020PayActiv Blog

Why Employers Should Focus On Their Employees’ Financial Health

Helping your employees better manage their finances is often a low-cost endeavor that yields outsized... See more »
December 2, 2020PayActiv Blog

CFPB Recognizes Earned Wage Access As Short Term Liquidity Solution

The CFPB’s Advisory Opinion praises employer-based earned wage access (EWA) as an important innovatio... See more »
November 23, 2020PayActiv Blog

Giving Thanks…To You

We are nothing without our users. You are the ones who define us, inspire us, and complete us. The p... See more »
November 23, 2020PayActiv Blog

We Believe in American Workers

On-demand pay provides choice and flexibility for the American worker, and provides them with the opp... See more »
November 23, 2020PayActiv Blog

Financial Wellness for Employers

By using PayActiv, employers are tending to their own financial wellness, along with that of their em... See more »
November 17, 2020PayActiv Blog

How Earned Wage Access Can Reduce Student Loan Burden

If you’re having trouble with a student loan payment, accessing your earned wages through a partnersh... See more »

PayActiv Press Releases

March 26, 2020PR Newswire

PayActiv Provides Free Liquidity for Workers During Crisis

/PRNewswire/ -- PayActiv, Inc. ("PayActiv" or "the Company"), the leading provider of employer-sponso... See more »
January 14, 2019StreetInsider

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 ... See more »
April 6, 2018ForImmediateRelease

WORLD HEALTH DAY April 7, 2018

Travel & Tourism Industry release: SAN JOSE, Calif., April 5, 2018 /PRNewswire/ - As you plan coverag... See more »
August 30, 2017Blackbird

Hurricane Harvey Is Another Example of Why Employee Financial Wellness is a Critical Need Today

PayActiv is stepping up for its employer partners to deliver Earned Wage Access to disaster-struck em... See more »
May 10, 2016Business Wire

PayActiv to Demo "Save in Units of Time" Financial Wellness Solution at FinovateSpring 2016

SAN JOSE, Calif.--(BUSINESS WIRE)--PayActiv is one of the 72 companies selected to demo at FinovateSp... See more »

PayActiv Videos

November 4, 2020PayActiv Youtube Channel

"PayActiv in 60 seconds" on YOUTUBE

April 7, 2020PayActiv Youtube Channel

"PayActiv | You're not alone" on YOUTUBE

November 15, 2019PayActiv Youtube Channel

"PayActiv Benefit | Earned Wage Access" on YOUTUBE

September 15, 2019PayActiv Youtube Channel

"Keep Moving | PayActiv" on YOUTUBE

January 25, 2019PayActiv Vimeo Channel

"How TTEC Recruits, Retains and Engages better, with PayActiv" on VIMEO

See how businesses use PayActiv Earned Wage Access and Employee Financial Wellness services to improv... See more »

Social Media

PayActiv Headquarters

4880 Stevens Creek Boulevard

San Jose, California95129

877-910-8400

Driving Directions »

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PayActiv Summary

ABOUT

Overview

PayActiv is a financial wellness platform that allows employees to access their paychecks. PayActiv was founded in 2012. PayActiv's headquarters is located in San Jose, California, USA 95129. It has raised 133.5M in 4 rounds. The latest round was in A...

CEO

PayActiv's Founder & CEO, Safwan Shah, currently has an approval rating of 76%. PayActiv's primary competitors are FlexWage, Instant & Even.

Website

payactiv.com

Frequently Asked Questions about PayActiv

  1. When was PayActiv founded?

    PayActiv was founded in 2012
  2. Who is PayActiv's CEO?

    PayActiv's CEO is Safwan Shah
  3. How much revenue does PayActiv generate?

    PayActiv generates $32.5M in revenue
  4. How much funding does PayActiv have?

    PayActiv has historically raised $133.5M in funding
  1. Where is PayActiv's headquarters?

    PayActiv's headquarters is in San Jose California, USA
  2. How many employees does PayActiv have?

    PayActiv has 185 employees
  3. What sector does PayActiv operate in?

    PayActiv is in Application Software, Internet Software
  4. Who are PayActiv's competitors?

    PayActiv's top competitors are FlexWage, Instant, Even