Lack of adequate finances can make trivial cases look colossal, especially when waiting on a paycheck.
A recent survey found that only 32% of workers follow a budget, and 56% save less than $100 monthly. Nearly half of Americans have $0 in their savings account, so the pandemic hit them so hard.
However, you can steadily create more income with cash advance apps like Dave. You can find many of them; we will review them in this article shortly.
Table of contents
Cash Advance Apps like Dave
1. PayActiv
PayActiv is building a financial technology business that demands great technology and amazing design. It requires a cost-effective yet socially responsible business model and a firm commitment to upgrading the livelihood of its users.
This platform focuses not only on the key results it seeks to achieve but also focuses on the process it wants to adopt. They model the Public Benefit Corporation and Certified B-Corp as they seek to profit while serving a worthwhile purpose.
Spending, saving, budgeting, and paying bills is no longer a challenge. And when you consider cash advance apps like dave, PayActiv is one of the top choices.
2. FlexWage
FlexWage is one of the cash advance apps like dave focused solely on ensuring employees have fewer bad days between them.
Their financial wellness solutions use advanced technology to give employees the help they want. Employees can get their pay when needed through early access to incoming wages to avoid expensive short-term borrowing.
The engaging personalized framework helps its users work with an immediate budget, get a grip on educational how-to’s, link all accounts, and get access to a financial coach for questions, support, and planning.
3. Even
A lot of employees face financial difficulty, and a stressed and distracted workforce will only pull a company back. Even’s on-demand pay platform serves to assist employers help their employees to build goodwill, and achieve long-term financial wellness together.
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Even offers on-demand pay, which is targeted at positively impactful organizations’ biggest pain points: worker productivity, employer brand, retention, and absenteeism. It is one of those cash advance apps like dave that offer many options.
Even’s membership model ensures employees pay less than with other providers. Plus, the business has incentives to help your employees achieve stronger financial outcomes – and they have access to the tools they need on the platform.
4. Branch
Branch offers mobile financial services in emerging markets to spur human potential. It is one of the cash advance apps like dave that helps you access finances easily.
With Branch, everything is 100% smartphone based. We bypass the hurdles imposed by traditional institutions and provide more customers in more places access to money and the freedom to use it whenever and wherever they choose.
Branch assesses people’s credit based on smartphone data. You don’t need any paperwork or red tape; the approval process is quick. This gives people an opportunity to build credit regardless of their banking history.
5. DailyPay
DailyPay is a premier provider of on-demand pay solutions that significantly reduces turnover rates at no cost to the employer. This is one of those cash advance apps like dave that works for businesses with about 500 employees.
This company is arguably leading the industry in compliance, reliability, and service. It seamlessly integrates with any payroll and time management system, and you need not change your existing payroll process.
By leveraging data analytics and AI, they always deliver total excellence to create insights that inform HR and Payroll to keep you atop of your finances.
6. MoneyLion
MoneyLion is a private Fintech company that offers lending, financial advisory, and investment services to its consumers. This company’s target market is 70% of American consumers, with an average of less than $2,000 in savings.
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The company makes money through its loan business, leads generation from users on its site, and monthly subscription service. You can use the platform for free or buy its premium consumer services via premium membership and loan applications.
7. Tapcheck
Tapcheck is replete with experienced professionals who believe that strengthening the individuals is an effective way for companies to create a stronger bottom line and make a difference that moves beyond the workplace.
By constantly reducing employee financial stress, the on-demand pay benefit helps team members focus and perform better at work.
As experts in financial technology and human resources, they help companies all over the country endorse financial wellness and improve business performance by helping employees access the financial flexibility of earned wage access.
8. SoLo Funds
SoLo is a community that helps its members to easily access and supply short-term funds for immediate needs. More so, the community collaborates to build mutually beneficial outcomes wherein members can both improve their financial health.
To get started on this platform, you can browse and find loans to fund that meet certain criteria you have set out. You can gain access to appreciation tips when you help others get help during their financial hardship.
9. Possible Finance
Possible Finance remains committed to empowering you with the tools to better your economic situation. They are very transparent, serve with kindness, show responsibility, and hold themselves accountable to their clients.
You can use this platform to build your credit history to obtain better financial tools. They also help you report installment payments to major credit bureaus so you’re rewarded for reliably paying on time.
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Possible Finance makes it easier to fight costly fees, prevent overdrafts, and automatically recoup your hard-earned money. It is one of the cash advance apps like dave that is incredibly reliable.
10. Zirtue
Zirtue is a relationship-based lending application that simplifies loans between friends, family, and trusted relationships with automatic ACH loan payments. Essentially, you set terms and conditions for lending and borrowing.
Zirtue follows a straightforward working pattern. You need to set the loan amount, and payment terms and choose a family member. After you’ve submitted and agreed on the terms, you will receive your funds and start tracking your payment.
Zirtue understands the importance of security, so they have done their best work to provide top-notch security on their system. If you have any issues, there’s a security team ready to attend to you.
Conclusion
Employees no longer need to wait hard for payday when they have financial problems that can drown them. More so, they won’t need to file for loans with enormous interests they can’t bear.
These organizations listed throughout this article will offer employers the best rates and offers that will help them protect their employees against financial starvation.
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