Payactiv, a leading firm in the earned wage access, or EWA, movement, is exploring the sale of a minority stake in the company, four venture and banking executives told Fortune.
Payactiv has tapped Moelis to run the process, which is targeting private equity firms, the people said. It’s unclear how much Payactiv could raise, but the firm likely would use those funds to expand its product mix and build a better digital wallet, one exec added.
