The CEO and Founder of PayActiv discusses obtained wage access and exactly why it may be so ideal for the individuals paycheck that is living paycheck
Approximately half the US population lives paycheck to paycheck and for the 12 months they frequently go out of cash between these paychecks. Therefore, they resort to payday advances or overdrafts and frequently spend late fees as well. This costs this population hundreds and sometimes even 1000s of dollars each year. There is certainly an improved solution that is needs to gain traction, it really is called received wage access.
Our next visitor from the Lend Academy Podcast is Safwan Shah, CEO and Founder of PayActiv. He could be for a objective to greatly help this population obtain access to the income these have acquired. Just just How PayActiv has exploded with time. just exactly How their earned wage access system works. The guardrails they applied to make certain their item is employed responsibly. Characteristics for the typical user of PayActiv. The pushback they many get from employers often.
This bout of the Lend Academy Podcast is sponsored by LendIt Fintech United States Of America 2020, the worldвЂ™s biggest fintech event focused on financing and electronic banking. Thank you for visiting the Lend Academy Podcast, Episode No. 214, it’s your host, Peter Renton, Founder of Lend Academy and Co-Founder for the LendIt Fintech Conference.
TodayвЂ™s episode is sponsored by LendIt Fintech United States Of America, the worldвЂ™s biggest fintech event focused on financing and banking that is digital. ItвЂ™s occurring on May 13th and 14th, 2020, at the Javits Center in ny. Continue reading Approximately half the US population lives paycheck to paycheck and through the 12 months they often come to an end of cash between these paychecks.