SAN JOSE, Calif., Could 5, 2021 /PRNewswire/ — Payactiv, Inc, a number one supplier of financial-empowerment providers for wage earners, wins a number of Stevie® Awards on the 2021 American Enterprise Awards.
- Payactiv wins large on the 2021 American Enterprise Awards – incomes prime honors in two of the premier classes:
- “Firm of the Yr – Monetary Companies” (medium-sized firm) for offering instruments and providers that assist the monetary wellness of two million individuals.
- “Company Social Accountability Program of the Yr” for waiving all consumer charges throughout Covid’s lockdown months, working with New York Metropolis to offer taxicab drivers entry to $27 million in earned wages as they delivered important objects.
The Stevie Awards have been created in 2002 to honor and generate public recognition of the achievements and constructive contributions of organizations and dealing professionals worldwide.
What the Judges Stated
- Firm of the Yr – Monetary Companies: “Efficacious and complete monetary wellness platform, the corporate helps staff earn, entry, and use wages to boost their livelihoods. The Platform has a great deal of efficient options.”
- Winner, Company Social Accountability Program of the Yr: “Payactiv went above and past…” and “Epitome of company duty…” and “A acutely aware effort to assist these in industries most impacted by COVID-19.”
The Huge Image
- Payactiv creates merchandise that empower extra individuals to take part within the financial system they helped create. It’s a Licensed B Corp and Public Profit Company dedicated to bettering the monetary stability and livelihood of the paycheck-to-paycheck employee.
- Payactiv invented Earned Wage Entry (EWA), a monetary service that allows staff to entry on demand their accrued wages between paydays. It isn’t a mortgage. In lower than a decade, EWA as a class has grow to be one of the common advantages packages in company America, and it’s utilized by tens of hundreds of companies each day.
- In 2020, U.S staff accessed early $9.5 billion of their earned wages, up 200 p.c in three years (Aite Group).
- Payactiv’s providing is the one EWA program with an approval order from the Client Monetary Safety Bureau (CFPB).
- Along with EWA, the Payactiv app delivers a full suite of financial-empowerment instruments designed to holistically assist individuals’s monetary wellness. Obtainable to everybody, these instruments embody early pay and direct deposit providers, spending administration, unique market reductions, built-in invoice pay, financial savings and budgeting instruments, and a dynamic crew communications software. Payactiv helps greater than 1,500 companies.
Payactiv, a Public Profit Company and Licensed B-Corp, is a holistic financial-wellness platform that gives staff on-demand entry to earned however unpaid wages. Companies that associate with Payactiv see important price reductions by elevated recruitment, engagement and retention. Workers love Payactiv as a result of it eliminates the costly between-paychecks toll of payday loans, financial institution overdrafts and late charges. Payactiv presents a set of monetary providers that features financial savings and budgeting instruments, invoice cost and financial-health measurement. Payactiv is the winner of the Progressive Funds Affiliation’s Client Champion Award, a Finovate winner and finalist, and the recipient of quite a few best-in-class awards in each FinTech & HRTech. Additionally it is the supplier of Earned Wage Entry to Walmart and the one EWA program with an approval order from CFPB.
In 2020, Payactiv launched a brief movie, nominated for Webby awards, titled, “We Heard You.” Be taught extra at www.payactiv.com.