Rellevate
Rellevate is a fintech company providing digital banking, earned wage access (Pay Any-Day), and large-scale disbursement solutions to government agencies, employers, healthcare organizations, NGOs, and educational institutions, serving over 3 million account holders.
- Company typePrivate
- Founded2019
- HeadquartersStamford, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Rellevate does
Rellevate, Inc. is a private fintech company headquartered in Stamford, Connecticut, that provides digital banking, payment, and disbursement services to government agencies, employers, healthcare organizations, NGOs, and educational institutions. The company operates two complementary product lines: (1) an employer benefits suite — anchored by Pay Any-Day (earned wage access allowing employees to access up to 50% of earned wages before payday), a Digital Account (FDIC-insured bank account with Mastercard/Visa debit card), and a reloadable Pay Any-Day Card; and (2) a Digital Disbursement Solution platform that enables large-scale, real-time fund distribution to recipients via virtual and physical cards, digital wallets, and multi-wallet accounts.
The underlying technology is a proprietary platform enabling real-time money movement and account funding, with recent enhancements delivered through a strategic partnership with Highnote (embedded finance platform, January 2025). Rellevate relies on partner banks Sutton Bank and Republic Bank & Trust Company for FDIC-insured account issuance, operates on Mastercard and Visa networks, and leverages technology providers including Qolo, Payveris, Fiserv, NCR, and Paymentus for payment processing, bill pay, and money movement services. The platform is PCI-DSS compliant and supports quick deployment (as fast as four weeks per company disclosures).
The business model combines freemium employer distribution (Pay Any-Day offered at zero cost to employers, with Rellevate monetizing through transaction processing, ATM fees, and premium features), subscription and implementation fees for enterprise/government/NGO disbursement programs, and transaction-based/take-rate pricing for insurance claim disbursements. Revenue is diversified across customer segments — Government & Public Sector, Private Sector Employers, Universities, NGOs, Healthcare Organizations, Insurance, and K-12 — with flagship contracts including Georgia's $1 Billion Cash Assistance Program, UNICEF disbursements across 120+ countries, Catholic Relief Services worldwide programs, and channel-driven deals via Kentucky Hospital Association, HAPevolve, Golbon, and AXXESS. The company reports serving over 3 million account holders and has been recognized with multiple industry awards including the Digital Payments Innovation Award at FinTech Week Dubai 2026.
Rellevate firmographics
Firmographics- Name
- Rellevate
- Legal name
- Rellevate, Inc.
- Website
- https://rellevate.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Rellevate is a fintech company providing digital banking, earned wage access (Pay Any-Day), and large-scale disbursement solutions to government agencies, employers, healthcare organizations, NGOs, and educational institutions, serving over 3 million account holders.
- Ownership category
- akta.pro rank
Rellevate industry classification
Industry- Product category
- Digital Banking & Disbursement Services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Payroll Services (541214)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN)
- akta.pro secondary industries
- Government & Public Sector Disbursements (Tax Refunds, Benefits) (FSAMAKAJ), Card Issuing & Virtual Cards (lodge cards, single-use, tokenization) (THALAHAB)
Keywords
Where Rellevate is headquartered
LocationHeadquarters
- HQ city
- Stamford
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Rellevate business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Disbursement Transaction Fees: Revenue generated from processing disbursements for government agencies, NGOs, insurance companies, and other organizations. Fee structure for complex fund distribution programs, particularly for government, NGOs, and educational institutions.
- Subscription/Platform Fees: Platform subscription fees for organizations using Rellevate's digital banking and disbursement solutions, particularly for complex programs requiring implementation and ongoing support.
- Employer Benefits Package: Zero-cost financial wellness benefit to employers with revenue generated from transaction processing, ATM fees, and premium service features. Employers receive the platform free while Rellevate monetizes through transaction volume.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Pay Any-Day for Employers - Free Tier |
| Subscription | Annual | Enterprise/Government Disbursement Programs |
| Transaction based/ take rate | Pay-as-you-go | Insurance Claim Disbursements |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels10 records
Rellevate product offering
Product offeringCore offering
Rellevate provides a proprietary digital banking and disbursement platform that enables organizations to efficiently distribute funds to customers, employees, vendors, or beneficiaries in real time via digital wallets, multi-wallet accounts, debit cards, prepaid cards, and incentive programs. For employers, the company offers a fee-free earned wage access product called Pay Any-Day, a Digital Account with Mastercard debit card, and a reloadable Pay Any-Day Card, all delivered as a zero-cost financial wellness benefit. For government, NGOs, insurance, healthcare, and education clients, Rellevate delivers large-scale digital disbursement programs with proven capacity to issue millions of cards within weeks while maintaining fraud rates under 0.5%.
Product overview
Rellevate is a fintech company offering a suite of digital banking and payment solutions. The core offering centers on Pay Any-Day, an earned wage access product that enables employees to access up to 50% of their earned wages before payday. This integrates with the Digital Account (a full-featured bank account with Mastercard debit card) and the Pay Any-Day Card (a reloadable paycard). For organizations, Rellevate provides a Digital Disbursement Solution platform that enables large-scale fund distribution to recipients across government, healthcare, NGO, insurance, and education sectors. The platform supports virtual and physical cards, digital wallets, and real-time money movement. Additional features include Bill Pay, Send Money (P2P transfers), and Gift and Reward Cards. The company partners with Sutton Bank and Republic Bank & Trust Company for FDIC-insured accounts, operates on Mastercard and Visa networks, and leverages technology providers including Qolo and Payveris for money movement services.
Differentiator
Problem solved
Functional benefit
Products and services
- Pay Any-Day Earned wage access solution that allows employees to access up to 50% of their earned wages before payday, with no interest, no credit check, and no cost to employers. Designed for private sector employers as a financial wellness benefit.
- Digital Account Full-featured digital bank account with Mastercard debit card, enabling employees to manage day-to-day finances through mobile app or browser with features including bill pay, send money, and Pay Any-Day access. Provided as a financial wellness benefit to employees of partner employers.
- Pay Any-Day Card A reloadable paycard that provides employees instant access to earned wages, accepted at millions of locations worldwide, with mobile app access, instant and next day send money, and bill pay features.
- Digital Disbursement Solution Proprietary platform enabling organizations (government agencies, NGOs, insurance companies, healthcare providers, K-12 schools, universities) to efficiently manage and distribute funds to customers, employees, or vendors with real-time money movement, supporting virtual and physical cards, digital wallets, and multiple payment methods. Proven capacity to distribute 3 million cards within four weeks as demonstrated in Georgia's $1 Billion Cash Assistance Program.
Quantifiable outcome
- 3 million cards distributed within four weeks during Georgia's $1 Billion Cash Assistance Program
- +6 more outcomes
Companies that use Rellevate
Customer profileNamed customers15 records
Segments7 records
Ideal customer profiles6 records
Rellevate technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
Feature5 records
Rellevate partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered core and flagship.
- Kentucky Hospital AssociationcorePartnership to improve financial wellness and facilitate money access for 95,900 hospital employees in Kentucky. The collaboration aims to provide secure, real-time financial solutions for healthcare workers across Kentucky's hospitals.
- Atlas Wholesale FoodflagshipPartnership to provide real-time pay access to foodservice employees through digital banking and pay-related services. This is Rellevate's first agreement via Golbon, serving as a prototype for other Golbon partners in the foodservice distribution industry.
- Clayton County Public SchoolsflagshipPartnership providing Clayton County Schools employees access to Rellevate's Digital Account with Pay Any-Day benefit, enabling access to up to 50% of earned wages before traditional payday.
- GolboncorePartnership with Golbon, a premier national foodservice sales and marketing group, to deliver cutting-edge digital banking and payment solutions tailored for independent food distributors. Golbon's support helps speed up Rellevate's growth in the food distribution market.
- Therapy 2000flagshipPartnership with Therapy 2000, Texas's leading provider of pediatric home health therapy, to offer Pay Any-Day solution giving caregivers flexible access to wages and tools to improve financial well-being.
- University of Illinois SystemcorePartnership with University of Illinois System (comprising Urbana-Champaign, Chicago, and Springfield campuses) to deliver modernized payment and disbursement solution for clinical trial reimbursements, student disbursements, and travel expenses.
- Catholic Relief ServicescoreSelected through competitive solicitation by Catholic Relief Services to provide reloadable or non-reloadable pre-paid card services, including virtual card services, to CRS Country Programs worldwide. Enables efficient and secure disbursement of funds to vulnerable populations.
- AXXESScorePartnership with AXXESS, the leading technology innovator for healthcare at home, to empower the home healthcare workforce with digital banking, streamlined payments, and timely wage access through Rellevate's solutions.
- HAPevolvecorePartnership with HAPevolve, a subsidiary of The Hospital and Healthsystem Association of Pennsylvania, to introduce Rellevate's Pay Any-Day service to hospitals and health systems, providing healthcare professionals with flexible, anytime access to earned wages.
- HighnotecoreStrategic partnership with Highnote, an embedded finance company, to enhance Rellevate's technology platform. The collaboration delivers faster transaction speeds, enhanced security features, and expanded payment options for Rellevate's customers.
- UNICEFcoreGlobal partnership enabling fund distribution across 120+ countries. Rellevate's technology enables rapid, secure disbursements and real-time fund tracking, ensuring transparency and accountability in resource allocation for UNICEF's humanitarian missions.
- State of Georgiaflagship$1 Billion Cash Assistance Program distributing $350 payments to millions of Medicaid, SNAP, PeachCare for Kids, and TANF recipients. Implemented dual disbursement system with virtual and physical Mastercards, distributing 3 million cards in four weeks.
- City of BaltimoreflagshipPartnership with Baltimore's MOAABE program implementing 'Same Day Work Pay' solution providing formal employment opportunities and same-day access to earned wages through reloadable PayCards. Achieved 80% reduction in squeegee-related crime.
- MastercardcoreCard network partner for debit card issuance. Rellevate Mastercard PayCards issued pursuant to license from Mastercard International Incorporated.
- VisacoreCard network partner for debit card issuance. Rellevate Visa debit cards issued pursuant to license from Visa U.S.A. Inc.
- Sutton BankcorePartner bank issuing Rellevate Mastercard and Visa debit cards. Member FDIC. Provides FDIC deposit insurance coverage for Rellevate accounts.
- Republic Bank & Trust CompanycorePartner bank providing FDIC-insured deposit accounts for Rellevate services. Member FDIC.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
Rellevate competitors and assessment
Company assessmentDirect peers
- Payactiv: Payactiv is a direct earned wage access and disbursement competitor offering Pay Any-Day-style on-demand pay, prepaid cards, and bill-pay services to employers and government agencies. Closely comparable in product breadth, employer go-to-market, and disbursement use cases.
- DailyPay: DailyPay is a leading earned wage access platform serving large employers and workforce verticals. Directly comparable as a fee- and subscription-based EWA provider targeting the same employer and employee segments as Rellevate's Pay Any-Day.
- Earnin: Earnin is a consumer-facing earned wage access app providing on-demand access to wages before payday. Directly comparable as an EWA competitor, though Earnin is primarily consumer-direct rather than employer- or government-distributed like Rellevate.
- Branch: Branch offers earned wage access combined with digital banking and instant payment tools for hourly workforces. Directly comparable to Rellevate's Pay Any-Day and Digital Account combination for employers and hourly workers.
- Even: Even is an earned wage access and financial wellness platform partnering with employers to deliver on-demand pay and budgeting tools. Comparable to Rellevate's Pay Any-Day in the employer-channel EWA segment.
- PayNearMe: PayNearMe provides electronic bill payment and disbursement solutions for lenders, billers, and government agencies. Comparable to Rellevate's Digital Disbursement Solution for government benefits and insurance claim payouts.
Broad incumbents
- Green Dot Corporation: Green Dot is a large fintech providing prepaid debit cards, deposit accounts, and money movement products through partner banks. Comparable as a broader incumbent in the prepaid-card and digital banking infrastructure that powers Rellevate's PayCard and Digital Account.
- NetSpend: NetSpend is a prepaid debit card and digital banking provider for underbanked consumers. Comparable to Rellevate's PayCard and Digital Account offerings as a broader incumbent in the prepaid disbursement space.
- Western Union: Western Union is a global money-transfer and payments incumbent whose leadership alumni lead Rellevate. Comparable as a broader incumbent in cross-border disbursements, prepaid cards, and consumer payments — segments Rellevate also operates in via UNICEF/CRS.
Emerging players
- Marqeta: Marqeta provides modern card-issuing and payment processing infrastructure used by fintechs to launch debit and prepaid card programs. Comparable as an enabling infrastructure layer that competes with Rellevate's own issuing stack and partner-bank model.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Rellevate social profiles
Digital presenceRellevate compliance and trust
Trust signalCompliance2 records
Rellevate financial estimates
Financial estimateRevenue estimate
Valuation estimate
Rellevate leadership team
Management profileNumber of profiles
Profiles20 records
Rellevate funding detail
Funding detailFunding overview
Funding rounds5 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Rellevate M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Rellevate
What does Rellevate do?
Rellevate provides a proprietary digital banking and disbursement platform that enables organizations to efficiently distribute funds to customers, employees, vendors, or beneficiaries in real time via digital wallets, multi-wallet accounts, debit cards, prepaid cards, and incentive programs. For employers, the company offers a fee-free earned wage access product called Pay Any-Day, a Digital Account with Mastercard debit card, and a reloadable Pay Any-Day Card, all delivered as a zero-cost financial wellness benefit. For government, NGOs, insurance, healthcare, and education clients, Rellevate delivers large-scale digital disbursement programs with proven capacity to issue millions of cards within weeks while maintaining fraud rates under 0.5%.
Is Rellevate a public or private company?
Rellevate is a private company. It is classified as venture growth investor backed and is currently operating.
When was Rellevate founded?
Rellevate was founded in 2019. It employs 51 to 100 people.
Where is Rellevate based?
Rellevate is headquartered in Stamford, United States, in the North America region.
How does Rellevate make money?
Three revenue lines are on record. Disbursement Transaction Fees are the primary driver. The others are subscription/Platform Fees and employer Benefits Package.
Who are Rellevate's main competitors?
Direct peers on record are Payactiv, DailyPay, Earnin, Branch, Even and PayNearMe. Broad incumbents are Green Dot Corporation, NetSpend and Western Union. Marqeta is listed as an emerging player.
Does Rellevate have an API?
No public API is recorded for Rellevate.
What industry is Rellevate in?
Rellevate's product category is Digital Banking & Disbursement Services. Its primary akta.pro industry code is FSAGABAN, Payouts, Disbursements & Mass Payments Infrastructure, with a secondary code of FSAMAKAJ, Government & Public Sector Disbursements (Tax Refunds, Benefits). Its NAICS code is 52232 and its SIC code is 6199.