By training, I’m an engineer, I guess payments expert by experience, held it’s place in fintech since 1999/2000, very nearly two decades.

By training, I’m an engineer, I guess payments expert by experience, held it’s place in fintech since 1999/2000, very nearly two decades.

A reflection of the confusion at that stage of my life by education, my Ph.D. Was in aerospace engineering and I shouldn’t be judged on that (Peter laughs), my masters was in computer engineering and my undergrad was in electrical engineering. That’s a summary of my background, I’m an engineer by training, essentially.

Peter: Okay, okay. So, you’re an engineer by training, you’ve chose to begin this business that is…it’s notably unique because I’m sure you began it at the same time where I don’t think anybody else really was doing much in the form of, you understand, this type of earned income access. Inform us a small bit about…what ended up being the concept that resulted in the founding of PayActiv?

Safwan: in my experience, it absolutely was a notion that came within a stage in my own life where we wasn’t doing any such thing and so I had lots of time to imagine and, you realize, if you have lots of time to consider, you will do look at the individual condition and what’s going on. One of many ideas that kept occurring for me and I’m chatting a decade ago had been just why is it that the wealthiest nation in the field has such a big pool of individuals living paycheck to paycheck. That term hadn’t yet been created, we had been in the post 2009 period of time and I also simply was sorts of wondering what’s happening here, which are the issues that are underlying which is for the reason that situation that this notion of PayActiv first hit me personally.Continue reading