Activehours

paymentsmobile/digital walletb2b fintech

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 01/05/2020

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MEDICI Analysis

Activehours is a mobile app that allows users to withdraw money from their paycheck before payday rolls around. It supports to both Android and iOS smartphones and is recommended for employees to upload work hours, electronic time sheet, maintain a record of work hours and get paid at their discretion. Activehours help users avoid overdraft fees and high-interest payday loans by paying the users for the hours and sending the money to their bank account for those hours.

Focus

PRODUCTS & SERVICES

Mobile app for payday workers. The platform helps workers to avoid the pitfalls of fees caused by the pay cycle delay.

REVENUE MODEL

Activehours offers free services and it is a no-fee business model. But the company takes a small tip from users for their withdrawals(Optional for users).

MAIN CLIENTS

Major client from Starbucks

Target

Walgreens

Home Depot

Anthropologie

Apple

Uber

Sears and more.

EXISTING PARTNERSHIPS

Partnered with Sheets

WebPunchClock

Brink Software and many more

COMMENT

Activehours gives users the power to get their pay when they need it by directly transferring money into their bank account.

Traction

VALUATION / MARKET CAP:

$146.67 M in 2017

ACTIVE USERS:

75.0000

TRACTION COMMENT:

Currently, the platform has enabled by around 12,000 companies(Jan 2017).

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