Founded Year

2015

Stage

Corporate Minority | Alive

Total Raised

$27.2M

About Instant Financial

Instant Financial solution provides employees with immediate access to their earnings and control over their finances while providing employers with direct savings and increased employee retention.

Instant Financial Headquarter Location

2475 Northwinds Pkwy

Alpharetta, Georgia, 30009,

United States

855-976-4376

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Instant Financial's Products & Differentiation

See Instant Financial's products and how their products differentiate from alternatives and competitors

  • Instant Pay

    Instant Pay is the leading earned wage access solution that allows employees to gain immediate access to a portion of their earned pay after each shift. Instant Pay helps to bridge the gap between workday and payday, allowing employees to take control of their finances, while also helping organizations to reduce turnover costs and be an employer of choice in a competitive labor market.

    Differentiation

    Instant Pay is fee-free for both employee and employer, and the product integrates seamlessly with existing payroll systems for no disruption to existing payroll processes. 

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    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

  • Subscribe to see more

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

Research containing Instant Financial

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Instant Financial in 3 CB Insights research briefs, most recently on Aug 31, 2020.

Expert Collections containing Instant Financial

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Instant Financial is included in 7 Expert Collections, including HR Tech.

H

HR Tech

4,016 items

HR tech startups are helping companies manage critical pain points in HR processes such as recruitment, automation, career development, compensation, and benefits management, through a mix of software and services.

W

Wealth Tech

1,753 items

A category of financial technology that is digitizing & streamlining the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.

D

Digital Lending

1,550 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

G

Gig Economy Value Chain

155 items

Startups in this collection are leveraging technology to provide financial services and HR offerings to the gig economy industry

F

Financial Wellness

245 items

Track startups and capture company information and workflow.

F

Fintech

7,431 items

US-based companies

Instant Financial Patents

Instant Financial has filed 1 patent.

The 3 most popular patent topics include:

  • Banking technology
  • Electronic funds transfer
  • Interbank networks
patents chart

Application Date

Grant Date

Title

Related Topics

Status

5/11/2018

Payment systems, Banking technology, Interbank networks, Mobile payments, Electronic funds transfer

Application

Application Date

5/11/2018

Grant Date

Title

Related Topics

Payment systems, Banking technology, Interbank networks, Mobile payments, Electronic funds transfer

Status

Application

Latest Instant Financial News

New Report: 79% of Working Americans Would Be Interested in Applying for a Job That Pays Same Day

May 11, 2022

To meet growing demand, Instant Financial showcases fee-free, earned wage access platform at Payroll Congress 2022 To understand the needs of  workers, Instant Financial, the pioneer of fee-free on-demand pay solutions, partnered with the Center for Generational Kinetics to uncover the effects of wage frequency on job consideration, application and acceptance. Findings from the study underpin the growing need for on-demand benefits. Specifically, 79% of working Americans would be interested in applying for a job that pays them the same day they work, a 30% increase compared to 2018.The survey, a national study of 1,000 employed full-time or part-time workers, also found that more than half of working Americans would stay a month to over a year longer at a job if they could get immediate access to their earned pay after each day’s work at no cost.With workers increasingly favoring on-demand pay, these responses make it clear that implementing an earned wage access (EWA) program can minimize the adverse effects of the challenging labor market, improving both recruitment and retention. The Changing Workforce and Labor Market Businesses are facing unprecedented challenges. As of March 2022, job openings in the U.S. reached record highs at 11.5 million, with most employment opportunities specifically within retail trade and durable goods manufacturing. Moreover, a record 70% of businesses in the U.S. noted a talent shortage, a stark contrast to the 32% of companies who reported this only five years earlier.“Organizations are struggling to attract workers, which has huge implications on the business,” said Tal Clark , CEO of Instant Financial. “Workers want to be in control of their financial well-being. Short-term incentives, like spot bonuses or cash offers, aren’t meeting long-term needs. Instead, organizations need to be more creative with their benefit offerings to attract and retain employees.”Responsible Earned Wage Access To meet the demands of millions of employees and employers across the country, Instant Pay is the only on-demand pay solution that gives employees a full banking experience, free of predatory fees. With Instant Pay, employees are able to instantly access their earned wages at the end of every work day, with no cost to them or to their employers.Instant is showcasing its comprehensive EWA platform at booth 615 at American Payroll Association’s 40th annual Payroll Congress in Las Vegas, Nevada, May 10 – 13, 2022. To learn how Instant Financial can help your organization stay competitive with the most desirable employee benefit,

Instant Financial Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Instant Financial Rank

  • When was Instant Financial founded?

    Instant Financial was founded in 2015.

  • Where is Instant Financial's headquarters?

    Instant Financial's headquarters is located at 2475 Northwinds Pkwy, Alpharetta.

  • What is Instant Financial's latest funding round?

    Instant Financial's latest funding round is Corporate Minority.

  • How much did Instant Financial raise?

    Instant Financial raised a total of $27.2M.

  • Who are the investors of Instant Financial?

    Investors of Instant Financial include InComm, Real Ventures, Kinetic Ventures, TTV Capital and ITC Capital Partners.

  • Who are Instant Financial's competitors?

    Competitors of Instant Financial include DailyPay and 2 more.

  • What products does Instant Financial offer?

    Instant Financial's products include Instant Pay and 2 more.

  • Who are Instant Financial's customers?

    Customers of Instant Financial include Sundance (Taco Bell franchisee), Argo Contact Centers and Hoover Foods.

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