FlexWage

FlexWage is a financial technology and services company that was founded in 2009 by Frank Dombroski. The company offers a payment platform that aims to simplify the payment process for employers while allowing employees early and immediate access to a portion of their wages, tips, and bonuses. FlexWage considers this offering an employee benefit since it allows employees access to payment prior to payday and can help minimize the need for payday loans and bounced checks by meeting short-term cash needs. Employers set the frequency and percentage of the net accrual that employees may access through the app.

The company's OnDemand Pay was developed and patented in 2010 and enables employers to provide employees early access to earned wages. The company also offers FlexPay, which allows employers to transfer funds to a reloadable debit card with tips, bonuses, or commissions. FlexWage also offers a Visa Pay Card to eliminate the need for paychecks and bank transfers. The card is reloadable and can be used as an alternative to direct deposits. FlexWage also offers budgeting and financial wellness coaching through their mobile app, Sum180.