Return to site

Episode 98:

Interview with Safwan Shah, founder of PayActiv

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. 

Learn more at PayActiv.com

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 working with and much more.

Connect with PayActiv on Facebook and Twitter and AngelList.

You can find Safwan on Twitter and Linkedin and AngelList.

If you enjoy this episode and want to hear more inspiring interviews with successful entrepreneurs please subscribe on iTunes or Google Play. We'd also really appreciate it if you could share StartupSense.net across your social media so we can grow our audience and continue to deliver valuable content to our listeners.

Startup Sense is sponsored by the Lupton Group. We help clients of all sizes, budgets and industries with their business strategy, web/mobile/software design and development as well as branding and marketing. We put our clients in the best position to grow revenues and be more profitable.

Visit us today at LuptonGroup.co or send us an email for a free strategy and marketing review.

You can listen to every episode on iTunes, Google Play, Stitcher Radio, SoundCloud and YouTube.

Startup Sense is sponsored by the Lupton Group. We help clients of all sizes, budgets and industries with their business strategy, web/mobile/software design and development as well as branding and marketing. We put our clients in the best position to grow revenues and be more profitable.

Visit us today at LuptonGroup.co or send us an email for a free strategy and marketing review.

All Posts
×

Almost done…

We just sent you an email. Please click the link in the email to confirm your subscription!

OKSubscriptions powered by Strikingly