When I Work, a Minneapolis, MN-based provider of shift-based workforce management software, acquired Lean Financial, a CA-based fintech startup offering financial products custom-built for the flex workforce, including on-demand pay.
The amount of the deal was not disclosed.
With the acquisition, When I Work will expand its offerings. During the remainder of 2023, When I Work will focus on integrating Lean’s products into its platform, with Joshi joining as the General Manager of Financial Services. The company plans to introduce custom financial products for hourly workers in early 2024.
Led by Tilak Joshi, Founder and CEO Lean Financial, Lean specializes in offering financial services for independent workers and delivers financial services custom-built for the flex workforce. It provides on-demand pay, $1000 cash advances, and financial benefits to flex workers, while driving higher revenue and retention for the marketplaces that employ them. Since its launch, Lean has partnered with dozens of companies across transportation, nursing and cannabis, with a pipeline of hundreds of thousands of workers. Lean has scaled to more than $50 million in annual volume flowing through its platform and has built a team from companies like Square, Chime, PayPal, Citi, and AmEx.
Led by CEO Blake Adams, CEO, When I Work is a market leader in workforce management software for shift-based businesses. Used by more than 200,000 workplaces worldwide, it offers scheduling, collaboration, and financial solutions that bring empathy, agility, and consumer simplicity to both small businesses and their employees.
Founded in 2010 and led by Blake Adams, CEO, When I Work is purpose-built for shift-based small businesses and delivers an employee-first experience to streamline staff scheduling, power internal communication, and track employee time.
FinSMEs
12/07/2023