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Positive Finance, Inc.

Positive Finance, Inc.

Positive Finance is a financial technology company and Public Benefit Corporation that offers a platform for businesses to provide their employees with a smart financial benefit solution. The platform enables employees to earn interest on savings and donate to nonprofits, helping companies boost their impact programs and employee engagement. It provides cash management and banking services through third-party partners for businesses, employees, and nonprofits, including a marketplace for donations.
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Description

Positive Finance is a financial technology company and Public Benefit Corporation that provides a platform for businesses to enhance their impact programs and employee engagement. It offers a smart financial benefit solution that allows employees to earn 3% APY on their savings and donate fee-free to vetted nonprofits, with tax deduction benefits. Individuals connect a mobile application to their traditional bank account to save for their own projects and donate to causes through a Nonprofit marketplace. The platform helps companies promote the 17 Sustainable Development Goals (SDGs), foster a diverse and inclusive corporate culture, and attract impact-driven talent. Companies can also establish matching campaigns and nominate nonprofits that align with their values. While Positive Finance is not a bank, its banking services are provided by partners Sila and Evolve Bank & Trust, and accounts are FDIC-insured. Future features will include opportunities for employees to invest directly in impact financial assets.