ZayZoon, an Earned Wage Access (EWA) provider for small and mid-sized businesses, has secured $34.5 million in debt and equity in a Series B funding led by Framework Venture Partners, with co-investment from Export Development Canada (EDC) and participation from ATB Financial. The funding will support the company’s growth and innovation as it aims to assist millions of Americans living paycheck to paycheck by offering EWA services. ZayZoon has experienced significant growth, with over 400% year-over-year payout growth, and a slew of new high-profile corporate partnerships with companies like Dunkin’, McDonald’s, and Amazon.
ZayZoon Raises $34.5 Million in Series B Funding to Expand EWA, Employer Engagement Platform