By Nikolas Wright
An software that offers workers access that is early earned but unpaid wages, has raised $20 million in a set B investment round.
The software is an easy method for companies to give you employees with a substitute for expensive payday advances. Additionally assists employees avoid overdrafting records or bouncing checks (and also the matching costs). Really, the software allows you take a paycheck advance from your own boss in the place of looking at a loan provider.
By partnering with economic technology companies providing comparable solutions, companies are assisting their staff avoid predatory loan providers. an use that is typical of these apps: state an employee needs cash today, nevertheless they donвЂ™t receive money until Friday. The application allows employees draw on pay theyвЂ™ve already gained.
This San Jose, California-based company made headlines in December 2017 after Walmart tapped the business, along side another personal finance software, to give the retailerвЂ™s 1.5 million-plus U.S.