Tagged: financial wellbeing

January 4, 2024 @ 8:38 am By Omar Faridi  |  

As the new year unfolds, Loqbox, a UK-based financial wellbeing business, reveals compelling insights from a survey of over 2,300 of its members, “indicating a commitment to financial health among Britons in 2024.” Key findings shared by Loqbox with CI: Financial goals to take center… Read More

December 13, 2023 @ 6:39 am By Omar Faridi  |  

A research study recently revealed that healthcare workers who leverage the financial wellness benefit of DailyPay offered by their employer, “reduce their credit card debt, pay fewer late fees on bills, use payday loans less often and pay fewer overdraft fees.” The majority of healthcare… Read More

October 28, 2023 @ 4:31 pm By Omar Faridi  |  

A significant 68% of U.S. adults feel they have suffered from, or are currently suffering from, financial trauma according to new research released today by Experian. The research sheds light on the prevalence of negative feelings and angst “related to financial matters, with approximately 65%… Read More

October 3, 2023 @ 9:55 pm By Omar Faridi  |  

ABHI, an embedded finance company announced a partnership with Pakistan Cables Limited, the cable manufacturer in Pakistan. This collaboration aims to provide AbhiSalary – Earned Wage Access “to the employees of Pakistan Cables Limited, thereby promoting financial wellness.” Through AbhiSalary – Earned Wage Access, employees… Read More

September 25, 2023 @ 10:37 am By Michael Wong  |  

Financial wellbeing startup Mintago has announced raising $4.75 million in its latest funding round to augment its platform and expedite its expansion across the UK. Established in 2019 by former Perkbox co-founder, Chieu Cao, Mintago stands as a Financial Conduct Authority (FCA)-regulated company, rendering financial… Read More

August 18, 2023 @ 12:08 pm By Omar Faridi  |  

The Dallas Stars and American Airlines Center have contracted DailyPay, in order “to provide the essential financial wellness benefit of on-demand pay to arena and team employees.” DailyPay will also be designated as the official ‘On-Demand Pay Partner’ for the Dallas Stars and American Airlines… Read More

August 2, 2023 @ 11:37 am By Omar Faridi  |  

Plinqit, which claims to be the first platform that brings together automated savings, data-driven financial wellness content and virtual account management, has launched a pilot program with support from BMO in order “to help customers achieve financial wellness and savings goals.” BMO, the eighth largest… Read More

July 6, 2023 @ 4:40 pm By Omar Faridi  |  

Financial wellbeing platform, Claro Wellbeing, and expert in global pay solutions, CloudPay, have announced a new partnership to provide financial wellbeing and education via the CloudPay NOW app. Claro Wellbeing, the financial education and wellbeing provider, “which offers financial coaching, e-learning courses and webinars, is… Read More

June 12, 2023 @ 10:01 pm By Omar Faridi  |  

SoFi at Work – the holistic, financial well-being, and education assistance benefits partner to more than 1,000 organizations – announced the launch of a new Student Loan Verification (SLV) service. SoFi (NASDAQ: SOFI), the digital personal finance company and all-in-one app, announces this new addition… Read More

May 27, 2023 @ 4:46 pm By Omar Faridi  |  

As noted in an update from ubank, 80% of financially stressed young Aussies “are experiencing mental health impacts.” According to new YouGov research commissioned by ubank, there are “a number of concerning insights around the ways financial anxiety is impacting the mental and physical health… Read More

May 26, 2023 @ 8:20 am By Omar Faridi  |  

Alviere, the global embedded finance platform, is proud to announce that it is partnering with Array to offer Alviere’s enterprise clients customizable digital credit and identity tools “to increase digital engagement, generate revenue, and help end customers own their financial future.” Alviere enables enterprises worldwide… Read More

April 19, 2023 @ 4:16 pm By Omar Faridi  |  

To help keep more money in consumers’ wallets and bring financial power to all, Experian is partnering with nationally-recognized consumer finance and budgeting professional Andrea Woroch in order “to share financial tips and create awareness about a variety of Experian resources that can help consumers… Read More

April 16, 2023 @ 10:21 pm By Omar Faridi  |  

Gretel, a Fintech on a mission to reconnect the public with £50bn in “lost savings” and investments, has raised 69% (£454,219.58) of its £650,000 fundraising target (at the time of writing) from 113 investors via it crowdfunding campaign, carried out via Crowdcube. Gretel reports a… Read More

April 13, 2023 @ 10:20 pm By Omar Faridi  |  

Building on four years of work together to enable digital transformation among small businesses, Accion and the Mastercard Center for Inclusive Growth announced a renewal of their partnership and a sustained commitment “to improve the financial health of micro and small enterprises (MSEs) in emerging… Read More

April 7, 2023 @ 4:08 pm By Omar Faridi  |  

With nearly 50 percent of U.S. workers reporting financial stress, FinFit and Salary Finance U.S. announce their merger, to better support the financial needs of working Americans. Both companies have been “part of the rapidly growing market of financial wellness employee benefits offered through the… Read More

March 23, 2023 @ 9:46 pm By Omar Faridi  |  

Rain, a provider of financial wellness products that empower and engage employees, announced that it “raised $116 million, encompassing $66 million in equity and $50M in debt.” QED Investors and Invus Opportunities “led the Series A with participation from firms including WndrCo, Tribe Capital, and… Read More

February 27, 2023 @ 11:17 pm By Omar Faridi  |  

Doconomy, the climate technology startup helping banks, brands, and consumers to better understand and reduce their environmental impact – has acquired Stockholm-based financial wellbeing fintech Dreams Technology. This marks the “first” deal of its kind “to bridge the unique intersection of behavioural economics and climate… Read More

February 27, 2023 @ 4:29 pm By Omar Faridi  |  

Despite signs of slowing inflation, a majority of working Americans (62%) feel anxious about their current financial situation, according to new Harris Poll research commissioned by BPC’s Funding our Future Coalition and DailyPay among “over 1,300 employed Americans.” This anxiety is “heightened among women (69%).”… Read More

February 6, 2023 @ 10:37 am By Omar Faridi  |  

In an analysis of its Health Saving Account (HSA) Database that was published recently, the Employee Benefit Research Institute (EBRI) found that, “despite health care expenditures increasing in the wake of the COVID-19 pandemic, average HSA balances increased during 2021.” In fact, the majority of… Read More

February 3, 2023 @ 10:37 am By Omar Faridi  |  

SEJ Services, which claims to be the most-trusted choice for janitorial and facility services throughout the Southeastern United States, has partnered with DailyPay–the provider of on-demand pay. Through this partnership, SEJ Services adds “an essential financial tool to its existing suite of employee benefits allowing… Read More