When was PayActiv founded?

PayActiv was founded in 2012 and raised its 1st funding round 2 years after it was founded.

Where is PayActiv located?

PayActiv is headquartered in San Jose, United States.

How many employees does PayActiv have?

As of Sep 30, 2026, the latest employee count at PayActiv is 402.

Is PayActiv a funded company?

PayActiv is a funded company, having raised a total of $134M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jun 25, 2014.

How much is PayActiv worth?

The latest valuation of PayActiv is $***** as of Mar 21, 2025.

When was the latest funding round of PayActiv?

PayActiv's latest funding was a $***** Series C round on Aug 13, 2020, with participation from 3 investors.

Where does PayActiv rank among its competitors?

PayActiv ranks 4th amongst 75 active competitors, of which 27 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was DailyPay, which secured $200M in Oct, 2026.

Who are the top competitors of PayActiv?

PayActiv's top competitors include Rain, DailyPay and Earnin. Among them, DailyPay secured the most recent funding round in October, 2026.

PayActiv - 2026 Company Profile, Team, Funding & Competitors

PayActiv is a series C company based in San Jose (United States), founded in 2012 by Safwan Shah and Ijaz Anwar. It operates as a Platform providng prepaid corporate cards for employee benefit. PayActiv has raised $134M in funding from investors like Generation Partners, Softbank China and India Holdings and Eldridge Industries, with a current valuation of $*****. The company has 75 active competitors, including 27 funded and 13 that have exited. Its top competitors include companies like Rain, DailyPay and Earnin.

Company Details

Platform providing prepaid corporate cards for employee benefit. Provides an on-demand payment solution. The product is a financial wellness solution that allows employees to access and receive earned wages on demand. Platform allows employees to create a profile and receive payment cards to access and avail earned wages. Application is made available for Android and iOS platforms.

Website: payactiv.com
Social
Email ID: *****@payactiv.com
Phone Number: +1 **********

Key Metrics

Founded Year

2012

Location

San Jose, United States

Stage

Series C

Total Funding

$134M in 4 rounds

Latest Funding Round

Series C, Aug 13, 2020, $*****

Post Money Valuation

$***** as on Mar 21, 2025

Investors

Generation Partners & 8 more

Ranked

4^th among 75 active competitors

Employee Count

402 as on Sep 30, 2026

Similar Companies

Zaggle & 274 more

View PayActiv's full profile

PayActiv has raised a total funding of $134M over 4 rounds. Its first funding round was on Jun 25, 2014. Its latest funding round was a Series C round on Aug 13, 2020 for $*****. 3 investors participated in its latest round. PayActiv has 9 institutional investors.

Here is the list of recent funding rounds of PayActiv:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 13, 2020	9198886	Series C	9431873	3340586	3433200	5100805
Oct 09, 2018	9594826	Series B	3074448	5486850	4852234	Ziegler & 1 more
Feb 17, 2016	8838811	Series A	6834510	2880432	Softbank China and India Holdings	8589327

Access funding benchmarks and valuations. Sign up today!

View details of PayActiv's funding rounds and investors

The founders of PayActiv are Safwan Shah and Ijaz Anwar.

Here are the details of PayActiv's key team members:

Safwan Shah: Co-Founder & CEO of PayActiv.
Contact Info: 1 email address
Ijaz Anwar: Co-Founder & COO of PayActiv.
Contact Info: 1 email address

View details of PayActiv's Founder profiles and Board Members

PayActiv's employee count trend

PayActiv has 402 employees as of Sep 26. Here is PayActiv's employee count trend over the years:

Uncover PayActiv's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of PayActiv include Rain, DailyPay and Earnin. Here is the list of Top 10 competitors of PayActiv, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Rain 2002, Venice (United States), Series B	Provider of a platform offering payday loans	$164M	QED Investors, Prosus & 31 others	75/100
2nd	DailyPay 2015, New York City (United States), Series D	Financial wellness and earned wage access platform that enables employees to access their earned pay on-demand	$264M	Carrick Capital Partners, Intercept Ventures ... & 47 others	75/100
3rd	Earnin 2012, Palo Alto (United States), Series C	Provider of a platform for accessing earned wages and financial tools	$190M	Spark Capital, Felicis Ventures & 17 others	74/100
4th	PayActiv 2012, San Jose (United States), Series C	Platform providng prepaid corporate cards for employee benefit	$134M	Generation Partners, Montague Street Private Partners ... & 7 others	72/100
5th	Clair 2019, New York City (United States), Series B	Cloud-based employee benefits platform for on-demand pay	$67.7M	Thrive Capital, Upfront Ventures & 9 others	71/100
6th	Tapcheck 2011, Tarzana (United States), Series A	Online platform offering employee on-demand pay benefits	$83M	PeakSpan Capital, FIS & 1 others	68/100
7th	PEX Card 2006, New York City (United States), Series E	SaaS-based corporate card solutions for businesses	$179M	Bluff Point Associates, Inovia Capital & 4 others	67/100
8th	Blackhawk Network 2001, Pleasanton (United States), Acquired	Provider of financial benefits prepaids cards for employees	$249K	Silver Lake, ACE & Company & 2 others	66/100
9th	QuotaPath 2018, Philadelphia (United States), Series B	SaaS-based performance management system for sales professionals	$67.3M	ATX Venture Partners, Tribe Capital & 7 others	64/100
10th	Branch 2015, Minneapolis (United States), Series C	Provider of an app-based platform for earned wages loans	$138M	Addition, March Capital & 18 others	61/100