PayActiv Raises $20 Million to grow Financial Wellness providing for an incredible number of Financially Stressed Workers

PayActiv Raises $20 Million to grow Financial Wellness providing for an incredible number of Financially Stressed Workers

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SAN JOSE, Calif. ( BUSINESS WIRE ) PayActiv, the biggest provider of work based holistic monetary health cash loans for car title solutions, has raised $20 million from Generation Partners in a Series B financing round. Generation Partners has joined round that is early Ziegler Link Age Fund II and affiliate funds of Softbank Capital in helping PayActiv end predatory fees and financial obligation period for an incredible number of employees.

This latest financing round comes at the same time whenever PayActiv is advertising its mobile and global holistic monetary health tools, including bill pay, budgeting & cost cost savings tools, discounts, financial guidance & training, and multiple instant funds access choices for immediate access to received wages.

“Working with many businesses around the world, we now have seen that companies who provide prompt access to attained wages through PayActiv not merely assist their workers reduce financial anxiety with protection, dignity and cost cost savings, but additionally understand tangible benefits to their bottom line,” stated Safwan Shah, creator and CEO of PayActiv.