Payactiv
San Jose, US · Founded 2011 · 2 known investors
Find your way into Payactiv
33 people in our graph share verified history with the Payactiv team — schools, employers, funds. One of them is your warm intro.
Payactiv provides earned wage access (EWA) offered through employers, letting workers access their earned wages before payday, along with a Visa card, bill pay, discounts, financial counseling, and budgeting and savings tools. It serves employees and employers as a financial wellness and payroll-linked benefits platform.
Founders & leadership
Payactiv was founded in 2011 by Shah Safwan and Sohail Aslam.
Board
Investors · 2
Reported raises · per SEC filings
Form D private placements$4.3M disclosed across 1 round · 2014
▶$4.3MraisedJun 2014 · 6 investors · Other TechnologyRule 506(b)
- Shah SafwanExecutive Officer, Director
- Ajit MedhekarDirector
- Kabir MisraDirector
- Scarlett O'SullivanDirector
- Offering amount
- $5.2M
- Amount sold
- $4.3M
- First sale
- Jun 2014
- Incorporated
- Corporation, Delaware, 2011
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Founder mafia
2 people who came through Payactiv went on to found or lead other companies.
In the news
Frequently asked questions
- What does Payactiv do?
- Payactiv provides earned wage access (EWA) offered through employers, letting workers access their earned wages before payday, along with a Visa card, bill pay, discounts, financial counseling, and budgeting and savings tools. It serves employees and employers as a financial wellness and payroll-linked benefits platform.
- Who founded Payactiv?
- Payactiv was founded by Shah Safwan, Sohail Aslam in 2011.
- Who are Payactiv's investors?
- Payactiv's investors include Acorn Pacific Ventures, RPS Ventures.
- How much funding has Payactiv raised?
- Payactiv has disclosed $4.3M raised across 1 round.
- Where is Payactiv headquartered?
- Payactiv is headquartered in San Jose, US.