76% of working Americans are living paycheck to paycheck which puts individuals and families under enormous financial stress. This typically leads to less productivity in the workplace or missed work days which both hurt employers across the country. The sad thing is that most of these workers have earned wages that have not been paid out yet because of how payroll systems are setup to pay weekly, bi-weekly or monthly. What if there was a service that allowed employees to access these unpaid wages so they could manage their finances better in times of need...welcome to PayActiv

PayActiv is providing an extremely valuable service to their lower income employees but giving them a solution to their emergency cash flow needs. Now employees can get an advance on their pay (which has already been earned) rather than forcing them into payday loans, high-interest credit cards, overdraft fees and other types of predatory alternative financing options which add up to a mind-blowing $150 billion per year. 

In this interview I spoke with Safwan, the founder of PayActiv about his lifelong entrepreneurial journey, his latest company PayActiv and how they're taking on this $150 billion problem by providing a great solution, why financial education and awareness is so critical to the sales process, why they get customer feedback on every transaction and how they use that info, how much money they've raised from investors and where they are spending it, how they've managed to keep the team so lean (only 20 people), the types of clients they are helping and much more.

Thanks for listening.

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You can find me at JonahLupton.com

Message me at [email protected]

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Startup Sense Podcast is sponsored by the Lupton Group