Podcast 214: Safwan Shah of PayActiv. Our next visitor regarding the Lend Academy Podcast is Safwan Shah, CEO and Founder of PayActiv.
The CEO and Founder of PayActiv analyzes attained wage access and exactly why it may be therefore great for those individuals paycheck that is living paycheck
Approximately half the US population lives paycheck to paycheck and for the year they often times go out of cash between these paychecks. Therefore, they turn to pay day loans or overdrafts and sometimes spend late fees as well. This costs this population hundreds if not 1000s of dollars each year. There clearly was a significantly better solution this is certainly just starting to gain traction, its called acquired wage access.