Earned Wage Access Provider ZayZoon Raises $25.5M to Bring Financial Flexibility and Empowerment to All Employees as a Standard Benefit

▤ Summary

This round also saw participation from existing shareholders which include InterGen Capital, Prairie Merchant Corporation, and angel investors Sanders Lee (Hopewell) and Rob Ohlson (Maillot Homes), among others. Though almost all of the companys funding has originated from Canadian investors, the more than 3,000 businesses using ZayZoon to offer their employees quicker access to pay are located in the United States.The majority of working Americans experience cash-flow shortfalls that can require them to seek out undesirable solutions to bridge the gap until the next payday. With more than 100 payroll integrations, including being a Platinum Partner on the ADP Marketplace, over 60 percent of businesses across the United States can activate ZayZoon for their employees in less than 60 minutes at zero cost and with no administration required. By leveraging ZayZoons extensive and robust payroll-integrated technology, businesses can give their staff access to a program that includes Wages On-Demand, Financial Education and a Prepaid Spending Card. Workers around the world rely on predatory products such as payday loans and overdraft fees to bridge the paycheck-to-paycheck gap created by pre-determined payroll cycles.

$ Funding

▦ Linked Companies

ZayZoon

$10M to $25M