Canada based instant payroll lender has raised $11.4m of capital led by TTV. Instant Financial's mission is to "empower millions of hourly workers by putting employees in control of accessing their pay," said CEO Steve Barha.
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Instant Financial, The App That Lets Employees Access Their Own Pay, Raises $11.4m
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Instant Financial's mission is to "empower millions of hourly workers by putting employees in control of accessing their pay," said CEO Steve Barha. The platform also benefits employers by offering a a disruptive service that minimizes the need for employees to seek short-term lending options, according to Instant Financial. The company said in 2016 that more than $80 billion in interest and fees is paid to banks and payday lenders by frustrated workers who until now had no alternative.
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