Immediate closes a $16 million round of growth funding
Summary
Also participating in the funding round were strategic investors including BankSouth, a Georgia-based community bank, and Birmingham executives Bryan Statham and Cynthia Johnson. Were excited to back a strong team and product in this vital and growing market," said Ryan Gilbert, Founder and General Partner at Launchpad Capital. "As Immediate continues to make progress towards our mission of positively impacting the financial well-being of 1 million American workers by 2025, we recognize the need to surround ourselves with investors who have scaled companies to the heights we expect to achieve. The future is bright for Immediate and this round of funding - especially in a volatile economic climate - is a validating indication that we are well-positioned as a leader in the rapidly growing financial wellness market," said Matt Pierce, Immediate Founder and CEO.To learn more about Immediate, book a call today.Immediate partners with employers to provide their employees with wages that have been earned but not paid, whenever they are needed. With seamless time tracking and payroll integrations, same-day and next-day bank transfers, and the ability to put earnings directly on a debit card, Immediate is working to improve financial wellness and eliminate cycles of debt for employees by allowing access to their hard-earned wages when they need it most.