Payactiv Valuation, Funding & Investors

Payactiv is valued at $500M as of August 2020.

Last Payactiv valuation

$500M

Series C · Aug 2020

Last Payactiv funding round

$100M

Series C · Aug 2020

Cumulative funding Payactiv raised

$134M

across 5 funding rounds

Key investors in Payactiv

  • SoftBank Group
  • Ziegler Link-Age Funds
  • Generation Partners
  • Plug and Play
  • Eldridge Industries
  • Acorn Pacific Ventures

Payactiv Overview

About Payactiv

Payactiv is a Santa Clara-headquartered fintech delivering earned wage access through its mobile app, allowing employees to tap into paychecks before payday via debit card, bank transfer, or digital wallet. The platform partners with employers like Walmart and McDonald's, offering financial wellness features including bill pay and savings tools to over four million users in the United States, founded in 2013.


Founded

2011

HQ

United StatesSan Jose, CA

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$500M (Aug 2020)

Payactiv Valuation

Payactiv is currently valued at $500M, based on its Series C in August 2020.

The $100M round was led by Eldridge Industries, with participation from Ziegler Link-Age Funds and Generation Partners.

Payactiv's valuation has grown 21x from $24M at its Series A in March 2017 to $500M in August 2020, across 2 priced rounds.

Payactiv valuation by funding round

Payactiv valuation by funding round
DateStageValuation
Aug 2020Series C$500M
Mar 2017Series A$24M

Payactiv Funding History

Payactiv has raised a total of $134M across 5 funding rounds.

Payactiv's first fundraising round was a $4M Series A in June 2014. The most recent completed round was a $100M Series C in August 2020.

Payactiv funding rounds

Payactiv funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2020Series CEldridge Industries (lead); Ziegler Link-Age Funds; Generation Partners$100M$500MPayactiv is a San Jose-based fintech company founded in 2012 that provides earned wage access (EWA) technology, enabling hourly and gig workers to access earned but unpaid wages on demand through employer-integrated platforms, serving as a holistic financial wellness solution to reduce financial stress, payday loan dependency, and turnover costs for businesses. The firm operates as a certified B Corporation and Public Benefit Corporation, emphasizing low or no-cost access, and has partnerships with major employers like Walmart, Amazon, McDonald's, Wayfair, and over 5,000 businesses total, including healthcare and senior living facilities. On August 13, 2020, Payactiv closed a $100 million Series C funding round led by Eldridge Industries, with participation from existing investors Generation Partners and Ziegler Link-Age Fund II, bringing total funding raised to approximately $133.55 million to $134 million across seven rounds. This investment aimed to expand the platform, accelerate growth, develop additional financial solutions like digital wallets, and increase the velocity of money in the economy by enabling daily pay access instead of bi-weekly cycles. At the time of the Series C, Payactiv was valued at over $500 million, as reported in connection with the round. Payactiv demonstrated strong traction with clients reporting cost reductions from higher engagement and retention, and it received regulatory validation including CFPB sandbox approval in December 2020 exempting its EWA from Truth in Lending Act rules, positioning it as a leader in responsible EWA amid rapid sector growth.
Oct 2018Series BGeneration Partners (lead); SoftBank Group; Ziegler Link-Age Funds$20M-Payactiv is a fintech company providing employment-based holistic financial wellness services, including on-demand access to earned wages for hourly and lower-income employees through payroll integration. It positions itself as a platform reducing financial stress for workers and improving employee engagement and retention for businesses. The company serves clients across industries, including major employers like Walmart, and became a Public Benefit Corporation prior to later funding. On October 10, 2018, Payactiv raised $20 million in a Series B round led by Generation Partners, with participation from Ziegler Link-Age Funds and SoftBank Capital (listed as Softbank Capital in some sources). This was part of a series of funding rounds totaling approximately $133-136 million across 6-7 rounds, with Generation Partners as a repeat investor in subsequent rounds like Series C. Later traction includes serving over 4 million employees at more than 1,000 businesses by 2020, and over 400 senior living and healthcare clients. The company employs about 80 people and is reported as profitable. Payactiv operates in the earned wage access (EWA) segment of fintech, competing with firms like DailyPay. In 2024, it explored selling a minority stake while remaining profitable as a B corporation.
Mar 2017Series AAcorn Pacific Ventures$200K$24M-
Feb 2016Series ASoftBank Group (lead)$9M-Payactiv raised $9.2 million in an early 2016 series A round from undisclosed investors, with a SoftBank Capital affiliate having provided seed capital that may or may not relate to a $4.3 million raise in 2014 per regulatory filing. The company offers a financial wellness service enabling workers to access portions of their salaries before paydays, along with budgeting, saving, and bill payment tools. SoftBank Capital affiliate funds later participated in Payactiv's $20 million series B round in 2018 alongside Ziegler Link-Age Fund II and Generation Partners, bringing total funding at that point to over $33 million.
Jun 2014Series APlug and Play; RTA Capital$4M--

Who has invested in Payactiv?

7 investors have backed Payactiv across its funding rounds, including SoftBank Group, Ziegler Link-Age Funds, Generation Partners, Plug and Play, Eldridge Industries and Acorn Pacific Ventures.

Lead investors include Eldridge Industries, Generation Partners and SoftBank Group.


Payactiv Investors

Investors in Payactiv by funding rounds participated
InvestorHQRoundsRoleFirst check
SoftBank GroupJapanTokyo2LeadFeb 2016
Ziegler Link-Age FundsUnited StatesChicago, IL2ParticipantOct 2018
Generation PartnersUnited StatesGreenwich, CT2LeadOct 2018
Plug and PlayUnited StatesSan Francisco, CA1ParticipantJun 2014
Acorn Pacific VenturesUnited StatesSan Jose, CA1ParticipantMar 2017

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Payactiv Competitors

Payactiv competitors include listed companies like Abaxx Technologies, Sunyard Technology, Unit and Automated Bank Services, and private ones like Cardless and Behavox.

Public and private companies comparable to Payactiv
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Abaxx TechnologiesCanadaCanadaPublicly listed$749K($28M)$503M136.9x
CardlessUnited StatesUnited StatesPrivate--$350M-
Sunyard TechnologyChinaChinaPublicly listed$307M$10M$722M-
UnitUnited StatesUnited StatesPublicly listed$102M$46M$317M-
Automated Bank ServicesIsraelIsraelPublicly listed$52M$23M$280M-
BehavoxUnited KingdomLondonPrivate$26M-$500M19.2x
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Abaxx Technologies$749K($28M)600.9x136.9x(16.1x)(10.0x)
Hightech Payment Systems$156M$29M3.3x3.2x17.6x18.1x
Linkage Software$157M$24M2.7x4.2x17.7x14.2x
Qualco Group$248M$40M2.1x1.9x13.0x9.6x
JinXianDai Information$46M($10M)10.1x-(47.7x)-
Brilliance Technology$160M$2M3.5x2.5x364.9x61.5x
AMTD Digital$59M$18M19.5x-62.9x-
Client Service International$88M($46M)7.5x-(14.3x)-

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Common questions about Payactiv

When was Payactiv founded?Payactiv was founded in 2011.
Where is Payactiv headquartered?Payactiv is headquartered in San Jose, CA, United States.
Is Payactiv publicly listed?No, Payactiv is a private, VC-backed company.
What is Payactiv's valuation?Payactiv was last valued at $500M in its Series C in August 2020.
How much funding has Payactiv raised?Payactiv has raised $134M across 5 funding rounds.
What was Payactiv's last funding round?Payactiv's last funding round was a $100M Series C in August 2020, led by Eldridge Industries.
Who are Payactiv's investors?Payactiv's investors include SoftBank Group, Ziegler Link-Age Funds, Generation Partners, Plug and Play, Acorn Pacific Ventures, Eldridge Industries and RTA Capital.
Which companies are comparable to Payactiv?Companies comparable to Payactiv include Abaxx Technologies, Cardless, Sunyard Technology, Unit, Automated Bank Services and Behavox.

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