Hastee provides an earned wage access platform that allows employees to access a portion of their earned pay on-demand, helping to alleviate financial stress and improve overall financial health. The platform also includes financial education and management tools, enabling users to enhance their budgeting skills and savings, which leads to increased employee retention and productivity.
Funding
$25.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many employees face financial stress due to infrequent pay cycles, making it difficult to manage unexpected expenses or take advantage of immediate opportunities. Traditional payroll systems often lack the flexibility to provide timely access to earned wages, leading employees to rely on high-interest loans or other costly alternatives.
Solution
Hastee provides an earned wage access (EWA) platform that integrates with existing payroll and time & attendance systems to give employees on-demand access to a portion of their earned pay. Through a mobile app, employees can view their accrued earnings and withdraw funds as needed, subject to employer-defined limits and thresholds. The platform also offers personalized financial wellbeing resources, including educational content on budgeting, saving, and investing, to help employees improve their financial literacy and long-term financial health. Hastee aims to reduce financial stress, improve employee retention, and increase productivity by offering a flexible and cost-effective alternative to traditional payday loans and advances.
Target Audience
Hastee targets employers looking to improve employee financial wellbeing, reduce financial stress, and enhance employee retention, including businesses in healthcare, retail, hospitality, and other sectors with hourly or shift-based workforces.
Features
- Real-time visibility of earned wages based on tracked hours and pay rate
- On-demand withdrawals of earned pay with a flat transaction fee
- Integration with over 80 Time & Attendance, Workforce Management, and Payroll systems via API or SFTP file exchange
- Customizable employer controls to set withdrawal limits and eligibility criteria
- Financial wellbeing resources, including personalized content and educational materials
- Mobile app available on iOS and Android platforms
- Secure cloud-hosted infrastructure on AWS servers with data encryption in transit and at rest
- ISO27001 certification for data privacy and protection