This financial services startup wants to ensure you get paid for the hours you worked, instead of having to wait for pay day. Based in Palo Alto, Activehours recently raised in $22 million in Series A funding, led by Matrix Partners. The new venture will "get your paycheck anytime you want," turning any day into pay day.
The mobile app lets you take a picture of an electronic timesheet displaying the hours you have worked. It's also fast -- earnings are deposited into your bank account with just one tap. The financial services startup also has an adjustable pricing scheme: you simply pay what you think is fair.
Ideal for employees who receive an hourly wage, and relevant considering rates of youth underemployment, Activehours is already in use by workers at companies including Starbucks, Urban Outfitters and Walmart.
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