Can Reengineering the Pay Cycle Disrupt Payday Lending?

American Banker

Originally published at americanbanker.com by MARY WISNIEWSKI AUG 14, 2014 1:58pm ET A couple of young companies are marketing a new employee benefit that serves the same purpose as a payday loan but costs the consumer less. In so doing, they are shaking up the traditional pay cycle: People can address immediate funding needs by […]

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FlexWage Solutions Secures $3.5 Million Growth Funding

FlexWage Closes Growth Funding Round, Poised to Accelerate Market Penetration of WageBank which Eliminates the Need for High Cost Short-Term Lending Mountainside, NJ August 04, 2014 FlexWage® Solutions, a New Jersey based provider of responsible short term capital solutions and a Payroll Card innovator, announced that it has secured $3.5 Million in growth funding. Funding […]

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Getting Your Wages, Before Payday

Originally Posted on The New York Times at: Getting Your Wages, Before Payday By ANN CARRNS MAY 22, 2014 Last fall, Stephen Prentice found himself short on money for rent after his girlfriend moved out. He was wary of using a payday lender, having incurred big fees using one previously. Instead, he said, he used […]

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Top of the World with Inc. Magazine

Inc. magazine ranked FlexWage Solutions #256 on its 32nd annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies. FlexWage was additionally recognized as the #17 Top Financial Services Company, #10 on the Top 100 New Jersey Companies and ranked #21 on the New York City Metro Area Companies. Inc. met up with […]

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FlexWage Solutions Ranks No. 256 on the 2013 Inc. 500

Financial technology innovator achieves three-year sales growth of 1,670% enabling the underserved MOUNTAINSIDE, N.J., Aug. 22, 2013  — Inc. magazine today ranked FlexWage Solutions # 256 on its 32nd annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies. FlexWage was additionally recognized as the #17 Top Financial Services Company, #10 on the Top 100 […]

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