# Payactiv

Payactiv is an other based in San Jose, United States.

## Overview

- **Organization type:** other
- **Headquarters:** San Jose, United States
- **Region:** North America
- **Address:** San Jose, CA, United States
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** payactiv.com
- **LinkedIn:** https://www.linkedin.com/company/payactiv-inc

## Regulatory record

- **Reports private funds:** No

## About

An all-inclusive Financial Wellness platform. Learn how Earned Wage Access and our suite of tools can make a real impact on your employees' Financial Wellness.

## Sectors

- FinTech
- Financial Wellness

## People

- Safwan Shah — Founder and CEO
- Sohail Aslam — Co-founder and CTO
- Ijaz Anwar — Co-founder and COO

## Questions

### How does Payactiv make money if employees are not charged interest?

Payactiv earns interchange fees when users spend on the Payactiv Visa Card, issued by Central Bank of Kansas City. Merchants pay the interchange, not the employee. For employer-provided programs, users who maintain a qualifying direct deposit get fee-free real-time transfers to the Payactiv card; alternative disbursement channels carry stated fees viewable on the firm’s program-pricing page.

### Is Payactiv a lender or a fintech platform?

It is a fintech platform, not a lender. Earned Wage Access works by providing money already earned against hours worked, deducted directly from the next paycheck with no interest. Payactiv holds state EWA and small-loan licenses for regulatory compliance, but the product does not function as a credit product.

### Who governs Payactiv’s board?

Chairman Todd Boehly (Eldridge Industries) leads a board that includes Kabir Misra, managing partner at RPS Ventures and a director at Alibaba Group, and John Hawkins, managing partner at Generation Partners. David Carlick, a director at Audience Exchange, also sits on the board.

### How is Payactiv structurally different from other payroll platforms?

Payactiv is structured as a Public Benefit Corporation and Certified B-Corp, which legally obligates it to consider worker financial health as a core business outcome alongside profitability. This contrasts with typical payroll-advance products that maximize fee income or float without a benefit-corporation mandate.

### Can individuals use Payactiv without their employer?

Yes. Unaffiliated individuals can apply for the Payactiv Visa Card and receive their paycheck up to 2 days early via direct deposit, along with access to in-app savings, prescription discounts, and one-on-one financial counseling.

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- [Monese](https://altss.com/profile/monese)
- [HUMBL](https://altss.com/profile/humbl)

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Last updated: 2026-06-03T20:00:00.000Z

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