PayActiv (Series C)
Funding Details
Awarder
Inbox
Date Award
August 13, 2020
Vertical
FinTech and HRTech
Funding Amount
$100,000,000
Company Info
Organizations Involved
Walmart
Founders
Safwan Shah
Market
Employees seeking financial wellness solutions
Location
San Jose, CA, USA
Coinvestors
Eldridge Industries, Ziegler LinkAge Longevity Fund
Company Description

PayActiv's mission is to bring security, dignity and savings to workers through an award-winning holistic financial wellness platform that gives employees on-demand access to earned but unpaid wages. Businesses that partner with PayActiv see significant cost reductions through increased recruitment, engagement and retention. Employees love PayActiv because it eliminates the expensive, between-paychecks tolls of payday loans, bank overdrafts and late fees.

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