Accessing Wages Early Without the High-Cost Lending with Frank Dombroski

Payments Innovation

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5+ y ago 27:18

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In the wake of the sudden COVID-19 economy, we might forget the small-scale financial crises people face every day.

In the huge segment of the workforce living paycheck-to-paycheck, any sudden expense can become a financial crisis.

And until recently, their only option was to start a cycle of debt through expensive short-term loans.

Our guest today, Frank Dombroski, Founder and CEO of FlexWage Solutions, is leading the charge — without the high charges — for an alternative. His company offers a solution that provides people with early access to earned wages.

What we talked about:

-The genesis of Flex Wage

-Challenges to adoption

-Why early wage access appeals to HR and Benefits

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Until next time!

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