Sales Specialist, Payactiv
Mid Market
$50-60k
Office located in Milpitas, CA
Secure tools to reduce employee financial stress
Open for applications
Secure tools to reduce employee financial stress
201-500 employees
Open for applications
$50-60k
Office located in Milpitas, CA
201-500 employees
Company mission
To empower lower-income American workers with dignity.
Jump to section
Company mission
To empower lower-income American workers with dignity.
5% employee growth in 12 months
Our take
PayActiv provides earned wage access (EWA) technology that allows employees to access wages they have already earned before pyday, reducing reliance on overdrafts and short-term loans. The service integrates with most payroll and HCM systems and is paired with a financial wellness app offering tools for budgeting, savings, and money management.
Already, the playform has been adopted by major employers including Walmart, Pizza Hut, Subway, and Uber. Earned wage access has become an increasingly common employee benefit among large organizations such as Amazon and MCDonald's, reflecting broader demand for financial flexibility in the workforce.
Recently, PayActive has expanded beyond a standalone EWA app model with the launch of Access-as-a-Service, an API-driven infrastructure that allows Fortune 100 employers, HCM providers, and enterprise platform to embed EWA and financial wellness tools directly into their own systems under their own brand.
The company has also strengthened its market position through a $100M Series C funding round and the rollout of Visa+, allowing real-time wage disbursements to digital wallets such as PayPal and Venmo without requiring employees to share bank details. Now, PayActive reports serving millions of employees across thousands of businesses, putting its in a leading position in the evolving earned wage macess market.
Steph
Company Specialist at Welcome to the Jungle
Funding (last 2 of 6 rounds)
Aug 2020
$100m
SERIES C
Oct 2018
$20m
SERIES B
Total funding: $133.9m
This company has top investors
Leadership
Safwan Shah
(Co-Founder & CEO)They started their career at Bioserve Space Technologies, Fourth Wave, and Infonox for 19 years, before working as a TSYS Group Executive and President of Infonox. They co-founded Payactiv in August 2012, while working as an Advisor and Board Member.
Sohail Aslam
(Co-Founder & CTO)Having studied at San Jose State University, they worked with Safwan at Infonox before joining Microsoft as a Senior Engineer. They worked at Canfield Scientific before co-founding Stookle in 2008, and Payactiv in 2012.
Jobs (3)
Software Engineering
Marketing
Sales & Account Management