Database Developer at Payactiv (Milpitas, CA)

Payactiv· Milpitas, CA· $175k–$195k·1d ago

Role details

Salary

$175k–$195k

Work type

Onsite

Employment

Full-Time

Job description

The full description lives on the employer’s site. Open the listing.

Mission-Driven Culture: The company is legally committed to using business as a force for good. Employees report that their work "impacts millions of people every single day" payactiv.com.
Excellent Benefits:
- Fully paid health, dental, and vision insurance
- 401K (traditional and Roth)
- Tuition assistance/reimbursement
- Monthly gym reimbursement
- Paid time off to volunteer
- Paid family leave (CA)
- Complimentary office lunches payactiv.com
Dynamic Work Environment: Highly collaborative with a lively culture including monthly team bonding events, workout groups, and interest groups. The San Jose/Milpitas office serves as a central hub payactiv.com.
Growth & Learning: Encourages professional development through events, online courses, and creative exploration. Education reimbursement programs are available.
Diverse & Inclusive: Committed to equal opportunity and building an inclusive environment for all team members.
Workplace: Hybrid/office-based presence at the Milpitas (Silicon Valley) headquarters; roles available across multiple time zones.

One-liner: Payactiv is the industry pioneer in Earned Wage Access (EWA), providing an all-inclusive financial wellness platform that gives workers on-demand access to their earned wages before payday.
Entity Type: Private (Series C) with Public Benefit Corporation and Certified B Corp status
Headquarters: Milpitas, California, United States
Founded: 2012
Founders: Safwan Shah (CEO), Sohail Aslam (CTO), Ijaz Anwar (COO)

Primary Industry: Financial Services (FinTech – Earned Wage Access)
Target Customers: B2B (employers of all sizes, from SMBs to enterprises) and B2C (workers/employees who use the Payactiv app directly)
Mission/Purpose: To help lower-income workers reduce financial stress and improve wellbeing by providing fair, accessible financial tools. The company operates as a Public Benefit Corporation and Certified B-Corp, balancing profit with purpose payactiv.com.

Payactiv App (Earned Wage Access): The core product—a mobile platform that lets workers access their earned wages in real-time, before the scheduled payday. Integrates with employer time and attendance systems and is offered as a free employee benefit with no cost to the employer payactiv.com.
Payactiv Visa Card: A prepaid debit card that enables users to receive fee-free EWA transfers (with qualifying direct deposit) and make purchases. Revenue is generated through interchange fees from card transactions payactiv.com.
Financial Wellness Suite: In-app tools for budgeting, savings goals, bill pay, prescription discounts, and 1:1 financial counseling.
The EWA Blueprint: A framework and consulting service for employers to evaluate, launch, and sustain an Earned Wage Access program in a compliant and effective manner payactiv.com.

Valuation/Market Cap: Not publicly disclosed.
Key Metrics:
- Annual Revenue: $32.5M linkedin.com
- Total Funding: $133.9M across 7 rounds linkedin.com
- $5B+ in wages moved to workers to date; $400M+ saved in predatory fees and penalties payactiv.com
- 2M+ people served; 1,500+ companies use Payactiv payactiv.com
- 311 employees (+1.3% YoY) linkedin.com
Notable Investors/Partners: Series C led by Eldridge Industries ($100M, 2020). Other investors include Generation Partners (Series B lead). Over 1,500 enterprise employer partners linkedin.com.
Growth Signals: Stable headcount growth; expanding into new financial wellness features; pioneering the EWA industry as the first and public benefit corporation in the space payactiv.com.

First-Mover & Market Leader: Payactiv pioneered the Earned Wage Access category in 2012 and remains the largest dedicated EWA platform.
Certified B Corp & Public Benefit Corporation: A unique legal structure that builds trust with mission-driven employers and employees, differentiating them from purely profit-driven competitors payactiv.com.
Integrated Platform: Deep integrations with employer HR/payroll/time systems create a sticky, high-value network effect. Switching costs for employers are significant.
Proven Scale: Over 2 million users and $5 billion in wages disbursed demonstrates robust infrastructure and regulatory compliance.

Product Expansion: Deepening the financial wellness suite beyond EWA into savings, debt management, and financial counseling to increase user engagement and retention.
Employer Acquisition: Scaling the sales team to onboard more companies of all sizes, leveraging the "EWA Blueprint" to de-risk adoption for HR leaders.
Compliance & Regulation: Maintaining a strong compliance posture to stay ahead of evolving state and federal regulations around earned wage access.
Geographic Reach: Operating across 7 countries (US, Pakistan, Canada, Australia, Philippines, and others) to tap into global demand for fair wage access linkedin.com.

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