Immediate

Immediate is a finance and fintech startup founded in 2018, headquartered in the United States. The company's slogan, "Delivering responsible on-demand pay to the American workforce," encapsulates its core mission. Immediate helps businesses recruit, engage, and retain employees by offering a financial wellness solution that enables on-demand access to earned wages. This solution integrates with major payroll providers, allowing employees to access their earned wages in real-time through their existing time tracking management software. The recent milestone for Immediate was a significant $16.00M Venture Round investment on 25 July 2023, with backing from prominent investors including Castlecreek launchpad fund, Cynthia Johnson, BankSouth, and Bryan Statham. Immediate's innovative approach addresses the challenges of traditional bi-weekly pay cycles by empowering employees to manage their cash flow more effectively, reducing the reliance on high-interest loans, and fostering financial stability. The company's focus on enhancing the financial well-being of the workforce positions it as a disruptive force in the realm of employee financial management within the financial services industry.