Instant Financial has launched a Financial Wellness program aimed at helping hourly and frontline workers improve their financial stability through access to credit-building tools, healthcare services, and savings resources, the company announced Wednesday.
The new offering, available to workers whose employers already use Instant’s earned wage access and digital tip services, is designed to give users tools to save, build credit, and manage their finances more effectively. The program comes as 65 percent of Americans continue to live paycheck to paycheck, according to the company.
“Our mission has always been to give frontline employees opportunities for financial freedom,” said Tal Clark, CEO of Instant Financial. “Today’s launch is a huge step toward that goal.”
Financial tools and support services
The Financial Wellness Hub includes a $35-per-month health and well-being package, powered by Welcome Tech, offering telemedicine, mental health support, prescription discounts, and dental and vision savings.
Other features include:
- Credit building through on-time loan or credit card payments reported by MoneyLion to major credit bureaus.
- Free rent reporting, powered by Self, to help users improve their credit scores by recording on-time rent payments—an area often missing from traditional credit reports.
- Financial education resources developed in partnership with Visa’s Practical Money Skills program.
- Access to high-yield savings accounts from leading institutions, also powered by MoneyLion, with no monthly fees.
Adoption among employers
Employers already using Instant’s payroll tools have expressed interest in the new offering as a way to reduce financial stress among workers.
“We’re always looking for meaningful ways to reduce financial stress for our team members,” said Robert Linder, CFO at Lazy Dog, a restaurant chain that has worked with Instant since 2017. “We are excited about the potential of Instant’s Financial Wellness program to provide important tools to save more, improve credit, and take care of mental and physical well-being.”
Expanding platform offerings
The launch follows Instant’s recent rollout of Instant Direct, which gives workers flexibility in how they receive their pay—either through direct deposit to a bank account or via the Instant Card.
According to the company, Instant has helped workers in the retail, restaurant, and hospitality sectors access more than $7.5 billion in earnings at no or low cost. Customers include Church’s Chicken, Sun Holdings, and Bloomin’ Brands.
“Financial security goes beyond just receiving a paycheck—it’s about having access to the tools and resources needed to build a better future,” said Amir Hemmat, CEO of Welcome Tech.
The company says its platform is designed to help employers attract and retain frontline workers by offering flexible pay and financial wellness tools in one integrated system.
