Ualett

What Ualett does

Ualett (legal entity Cabicash Solutions, Inc., incorporated in Delaware) is a U.S. mobile fintech that provides cash advances of up to $2,000 to independent workers, including rideshare drivers (Uber, Lyft), delivery couriers (DoorDash, GrubHub, Spark Driver, Uber Eats, Instacart), truck drivers, freelancers (Upwork, Fiverr), and microbusiness owners. Eligibility is determined by analyzing linked bank and gig-platform income data rather than traditional credit scores, enabling underwriting of workers whose earnings are volatile week to week. The product is delivered exclusively through a self-serve iOS and Android app available in English and Spanish across 49 U.S. states.

The platform is built on a layered third-party vendor stack: Dwolla provides payment rails (including RTP and FedNow for real-time disbursements), Plaid and Argyle supply bank-account verification and income data, Credolab contributes metadata-based risk signals, Taktile handles decisioning workflows, Seon provides fraud detection, TrueAccord manages debt recovery, and Twilio and OneSignal handle communications. Ualett itself holds patent-pending IP on its application and platform, and operates with a leadership team spanning CEO, CTO, COO, CRO, CFO, and a VP of Product appointed in November 2025. Recent additions include the May 2026 launch of Ualett Rewards (a GigPoints loyalty program) and a June 2026 rebrand positioning the company as a broader financial platform under the tagline 'Built on Trust.'

Ualett generates revenue primarily through transaction fees on cash advances and usage-based remittance repayments, which are scheduled across Monday through Thursday and take four business days to process. The company funds its advances through debt facilities from Thiele Capital Management, initially a $50 million line of credit in October 2022 and expanded to a $150 million debt facility in September 2025, with an earlier $6.2M round in 2018 from undisclosed investors. By October 2022 the company had funded over $95 million to more than 11,000 active customers; by June 2026 the app had surpassed 600,000 downloads and 153,000 five-star Trustpilot reviews with a 4.9 rating, indicating substantial user acquisition and retention. Distribution is fully product-led and self-serve via the mobile app, with community-based marketing (e.g., the March 2026 Las Vegas Lights FC partnership) supplementing app-store acquisition.

Name

Ualett

Legal name

Cabicash Solutions, Inc.

Website

https://ualett.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

101–250 employees

Short description

Ualett is a U.S. mobile app that provides cash advances up to $2,000 to gig workers, freelancers, and microbusiness owners based on verified income rather than credit scores, operating in 49 states with bilingual English/Spanish support.

Ownership category

akta.pro rank

Product category

Earned Wage Access / Cash Advance Services

akta.pro primary industry

Earned Wage Access (EWA) & Wage-Advance Products (FSAKAOAF)

akta.pro secondary industry

Embedded Payroll, Earned Wage Access & Benefits Finance (FSAGALAI)

Keywords

• Earned wage access
• Gig worker lending
• Cash advance app
• Alternative credit scoring
• Independent contractor financing

Headquarters

HQ city

Wilmington

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Cash Advance Transaction Fees: Ualett provides cash advances to gig workers and receives remittance payments back. Revenue generated from fees associated with the cash advance transactions. The product is described as a 'Merchant Cash Advance' with flexible remittances based on earnings. Advances up to $2,000 are available.
2. Remittance-Based Repayment: Repayments are structured as flexible remittances that adjust based on how workers earn. The remittance schedule can be scheduled for Mondays, Tuesdays, Wednesdays, or Thursdays. Each remittance takes 4 business days to process.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Ualett provides cash advances of up to $2,000 to independent workers and gig economy participants in the United States through a mobile app. Eligibility is determined by analyzing linked bank account income activity rather than traditional credit scores, with flexible remittance-based repayment that adjusts to the worker's actual earnings. The service is delivered via a self-serve iOS/Android app operating in 49 states with bilingual English/Spanish support.

Product overview

Ualett is a single-platform fintech solution serving gig workers and independent contractors in the United States. The core offering is the Cash Advance product, which provides flexible funding based on real earnings rather than traditional credit checks. The platform has expanded to include a Ualett Rewards loyalty program. The system integrates with various gig economy platforms (Uber, Lyft, DoorDash, Grubhub, Spark Driver, Upwork, Fiverr) to verify income and determine eligibility. The company operates in 49 states and offers its services in both English and Spanish.

Differentiator

Problem solved

Functional benefit

Brands

• Ualett Rewards: A loyalty program launched in May 2026 allowing clients to earn GigPoints through in-app actions like referrals and gaming experiences, redeemable for remittance savings and digital gift cards.

Quantifiable outcome

• Advances up to $2,000 available to qualified applicants based on income analysis
• +1 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

Feature6 records

Partnerships

Two partnerships are on record, tiered minor and core.

• Las Vegas Lights FCminorStrategic or Co-development Partner · 1 March 2026Partnership announced March 2026 to invite 1,000 gig workers to the club's 2026 Home Opener on March 28 at Cashman Field. Initiative distributes tickets to Ualett customers and local gig workers across rideshare, delivery, hospitality, and small business sectors through gig associations and the Ualett platform. Includes local media coverage, broadcast integration, and ongoing storytelling focused on gig workers in Southern Nevada.
• DwollacoreTechnology or Integration · 1 December 2025Dwolla provides the payment rail infrastructure for Ualett's cash advance platform. Users must open a Dwolla Platform account and accept Dwolla's Terms of Service and Privacy Policy. Dwolla holds funds with financial institution partners. Ualett shares user identity and account data with Dwolla for account opening and support. The partnership enables real-time payment capabilities via RTP and FedNow networks.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Dave: Dave is a subscription-based banking app offering cash advances up to $500 to avoid overdrafts, serving a similar underbanked, variable-income user base as Ualett. Both compete for the same gig-worker paycheck-to-paycheck segment with small-dollar, income-based advances.
• Earnin: Earnin provides earned wage access by connecting directly to users' bank accounts and time clocks to advance accrued wages before payday. Like Ualett, it targets hourly and gig workers with no-interest cash advances, making it a close functional peer.
• Brigit: Brigit offers cash advances, budgeting tools, and credit-building services to consumers living paycheck-to-paycheck. Its income-based cash advance product and gig-worker-friendly positioning make it a direct peer to Ualett's core offering.
• MoneyLion: MoneyLion is a mobile finance platform offering Instacash advances, credit-building loans, banking, and investing products to underbanked consumers. It competes directly with Ualett in the EWA and small-dollar credit category for gig and hourly workers.
• Albert: Albert combines banking, savings, investing, and cash advances (Albert Instant) into a single app for lower- and middle-income consumers. Like Ualett, it provides small-dollar advances based on income patterns and serves a similar underbanked demographic.
• Empower: Empower offers cash advances up to $300 alongside budgeting and auto-savings tools. Its target user of salaried and hourly workers seeking quick liquidity overlaps closely with Ualett's gig-worker base.
• FloatMe: FloatMe provides small-dollar cash advances to help users avoid overdraft fees, with a focus on hourly and gig workers. Its product mechanics (advance, repayment from next deposit) and target segment closely mirror Ualett's.
• Klover: Klover offers cash advances based on data from users' linked bank accounts rather than credit scores, targeting the same underbanked, variable-income consumer as Ualett. Both companies share an income-data underwriting approach.
• Possible Finance: Possible Finance provides small-dollar installment loans and cash advances via a mobile app to subprime borrowers and gig workers. It competes with Ualett for the same underserved, mobile-first credit market.

Emerging players

• Even: Even, now majority-owned by Walmart, provides earned wage access to hourly retail workers through employer integrations. While it primarily serves W-2 employees rather than gig contractors, its EWA mechanics overlap with Ualett's product.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/appualett
• LinkedInlinkedin.com/company/ualett

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ualett