Tagged: earned wage access

April 16, 2025 @ 10:58 am By Tony Zerucha  |  

Rain, the employer-integrated earned wage access (EWA) and financial wellness app, has raised $75 million in Series B equity funding. The round was led by Prosus, with additional participation from Nextalia Ventures, Spark Growth Ventures, and existing investors, including QED and Invus Opportunities. This funding… Read More

April 15, 2025 @ 8:23 am By Omar Faridi  |  

Tapcheck, an on-demand pay provider, announced it has raised $225 million in combined equity and debt financing. This latest investment round reportedly includes a $25 million Series A extension round led by existing investor, PeakSpan Capital, and a $200 million credit facility provided by Victory… Read More

April 14, 2025 @ 7:45 am By Tony Zerucha  |  

Branch, a workforce payments platform, recently launched a full-service paycard. Delivered through the Branch App and Card, the new offering targets industries including hospitality, healthcare, staffing, construction, and agriculture. With Branch’s paycard and platform, employers can also unlock other payout methods, including cashless tips, earned wage access,… Read More

March 17, 2025 @ 9:08 am By Omar Faridi  |  

A survey commissioned by DailyPay and the Bipartisan Policy Center conducted by The Harris Poll among over 1,000 tipped employees (defined as those who work in the service industry and earn tips for their job) reveals that a “significant majority of tipped employees (85%) are… Read More

February 6, 2025 @ 11:06 am By Omar Faridi  |  

DailyPay, a worktech and provider of earned wage access and goHappy, the provider of frontline employee engagement solutions, announced a partnership designed to simplify frontline workers’ access to their earned wages. The partnership speaks to DailyPay’s commitment to making it easier for daily workers to… Read More

January 16, 2025 @ 7:04 pm By Omar Faridi  |  

Eminence Home Care, a home healthcare agency, has partnered with DailyPay to offer its employees the financial wellness benefit of earned wage access. By offering the benefit, Eminence Home Care is empowering its caregivers with choice and control over their earnings to “pay bills, spend,… Read More

December 8, 2024 @ 11:03 pm By Tony Zerucha  |  

A co-author of the Consumer Financial Protection Act of 2010 believes California’s new earned-wage access (EWA) rule is a positive step that other states can look to when building their own rules. Tom Scanlon is now the general counsel and chief compliance officer at Rain,… Read More

November 15, 2024 @ 3:26 pm By Omar Faridi  |  

Continuing Life retirement communities in California, marks two years of partnership with DailyPay – a worktech company and leading provider of earned wage access (EWA). Continuing Life retirement communities recognizes the importance of providing a good workplace for their team members – supporting, training, and… Read More

October 25, 2024 @ 4:09 pm By Omar Faridi  |  

DailyPay, Inc., a worktech company and provider of earned wage access, today announced it has secured an additional $100 million commitment to its secured credit facility capacity from Citi. The commitment doubles Citi’s commitment from $100 million to $200 million. DailyPay‘s total revolving secured debt… Read More

September 12, 2024 @ 6:30 am By Omar Faridi  |  

DailyPay is pleased to announce a new partnership with Montage International, the ultra-luxury hospitality management company headquartered in Southern California. DailyPay is a worktech company and the “provider of earned wage access in support of its partner employees’ financial wellness.” With DailyPay, Montage International team… Read More

August 28, 2024 @ 4:11 am By Omar Faridi  |  

Verge Mobile, a T-Mobile partner, marks five years of partnership with DailyPay – a worktech company and provider of earned wage access. Dedicated to providing its employees with the best workplace experience, Verge Mobile had reportedly “implemented DailyPay’s financial wellness benefit in August 2019.” Operating… Read More

August 1, 2024 @ 11:53 am By Tony Zerucha  |  

The evolution of Earned Wage Access, or, in Marqeta’s (NASDAQ: MQ) case, Accelerated Wage Access (AWA), is part of a larger opportunity for employers to provide more efficient financial services to people they know better than most lenders – their employees. Chief revenue officer Todd… Read More

July 26, 2024 @ 3:55 pm By Omar Faridi  |  

As inflation remains stubbornly high, research shows millions of working Americans still live paycheck to paycheck, with little or no money to adequately save for the future or cover an untimely expense. Fortunately, many employers are “embracing new high-impact financial wellness benefits to help team… Read More

July 18, 2024 @ 1:43 pm By Omar Faridi  |  

Clair, the fintech company offering free Earned Wage Advances (EWA) originated by a national bank, announced a partnership with Gusto, an integrated, all-in-one software platform that automates and simplifies company payroll, benefits, and HR. Through this collaboration, Clair and Gusto are said to be breaking… Read More

June 26, 2024 @ 10:45 pm By Omar Faridi  |  

Retail Merchandising Servicing (RMS), a retail merchandising provider, celebrates one year with DailyPay–a worktech company and leader in earned wage access (EWA) to empower employees with choice and control over their pay. Headquartered in Brooklyn Park, Minnesota, RMS is said to be a preferred partner… Read More

June 1, 2024 @ 10:41 am By Tony Zerucha  |  

rapid!, a payment solutions provider and the wage and disbursements arm of Green Dot, this week announced the addition of new companies in the staffing, human capital management, and professional services industries; Elevanta, TempWorks, and solved have signed on. “Today’s employers are turning to financial… Read More

May 3, 2024 @ 2:22 pm By Tony Zerucha  |  

The American Fintech Council (AFC), an industry association representing Fintech companies, including the largest earned wage access (EWA) providers, has joined with members in a letter to the South Carolina House Committee on Labor, Commerce and Industry endorsing legislation to regulate the burgeoning financial service… Read More

May 3, 2024 @ 12:44 pm By Tony Zerucha  |  

DailyPay, a leading provider of earned wage access, this week announced that Brett Pitts has joined its board of directors. Pitts, an accomplished leader in the banking and payments industries, brings decades of experience to DailyPay from prominent financial institutions and financial services companies where he drove… Read More

March 28, 2024 @ 11:10 am By Omar Faridi  |  

ZayZoon, an Earned Wage Access (EWA) provider for small and mid-sized businesses, today announced it has raised US $15 million in an extension of its Series B financing. This investment round extension brings ZayZoon’s total Series B funding round “to 49.5 million USD.” The round… Read More

March 23, 2024 @ 8:10 am By Tony Zerucha  |  

The American Fintech Council (AFC), an industry association representing Fintech companies and banks, this week announced that financial benefits platform Wagestream has become its newest member. “Wagestream has done a phenomenal job of scaling its financial wellbeing approach to span multiple different benefits for workers,… Read More