Paymenow And PayCurve Join Forces On Employee Financial Wellness

🤝 Better Together

Paymenow And PayCurve South Africa’s two biggest earned wage access companies are coming together.
This isn't a standard cash-for-equity deal. It’s a strategic merger to pool their resources and scale faster.

Many workers run out of money a week or two before their next paycheck hits.
This is also the same case for businesses lack of cashflow and sufficient access proof.
To survive, they might then turn to loan sharks or banks who charge 30% interest. It's a nasty cycle that is hard to break.
Giving people access to money they already earned keeps them out of these debt traps. It also helps them stay focused at work since they aren't stressed about bills.

PaymeNow and PayCurve have very similar offerings in EWA earned wage access.
They offer financial education, smart savings, and alternative to payday loans.
For exameple, staff can use the digital app to withdraw a portion of their salary, in the form of vouchers for essentials.
The platforms already have hundreds of thousands active users. Their tech are already built into the payroll systems of dozens of major mining and retail firms.

The consolidated team is looking to move quickly to wider South Africa market.
They plan to help more workers move from short-term cash strress to long-term financial stability and resilience.