Calgary’s ZayZoon, a leader in Earned Wage Access (EWA) in the U.S., is expanding to Canada. Recent data shows 54% of Canadians live paycheque-to-paycheque, with 27% behind on payments. ZayZoon’s platform for small and midsize businesses aims to save one million Canadians one billion dollars. EWA allows employees to access earned wages before payday, offering a low-cost alternative to payday loans.
Co-founder Tate Hackert emphasizes reducing financial stress and improving cash flow for employees. GM Shubh Sidhu highlights benefits for employers, including improved engagement and retention. ZayZoon’s expansion could revolutionize Canadian payroll.
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