ActiveHours, founded in 2013, operates a mobile platform that provides hourly and shift workers with real-time access to their earned wages. The service does not charge interest or mandatory fees, instead relying on optional tips from users. The company was established with the premise that workers should not have to wait a standard two-week pay cycle to access money they have already earned, a model inspired by the gig economy.
The platform offers several financial products, including Live Pay, Cash Out, Balance Shield, and Credit Monitoring, all aimed at helping users manage their financial lives. These services are available to employees at over 25,000 companies.
ActiveHours has secured nearly $65 million in venture capital funding to support its operations and growth. The company's approach is built on providing financial flexibility to a workforce that often relies on predictable cash flow for daily expenses.
