FlexWage Solutions, a Mountainside, NJ-based provider of responsible short term capital solutions, secured $3.5m in growth funding.
Several investment firms and high net-worth financial technology executives provided the capital.
The company intends to use the funds to accelerate market penetration.
Led by Frank Dombroski, Founder and CEO, FlexWage Solutions provides employers and employees with WageBank, which gives access to earned wages in advance of their scheduled payday. It is offered as a product enhancement in partnership with payroll processing platforms, payroll card providers, and relevant benefit solution providers.