Set your bank apart with low-risk, innovative services to grow your customer base —Fast.
We plug in to systems seamlessly, so your bank gets quick access to multiple financial services. You control your toolkit and have visibility into more data insights than ever before. Differentiate your bank with rapid, low-risk innovation today.
Why banks choose Powered by Grit
Reduce CAC for small business and consumer accounts
Bundling financial tools and services like Earned Wage Access and card services is a proven attractive value proposition for new customer acquisition and reducing CAC.
Boost bank deposits
Our fee-free, embedded payroll system channels regular payroll deposits directly into your bank, creating a consistent and reliable flow of funds.
Drive bank revenue
Leverage Earned Wage Access to attract more customers and increase activity with the existing customer base. With these micro loans, banks will generate additional interest income with lower risk and low cost.
Products and next-level value propositions
We empower banks with cutting-edge financial products that enhance profitability, streamline operations, and expand customer bases. Our Earned Wage Access, Card Services, and HSA/FSA solutions deliver sustainable value with minimal risk.
Earned Wage Access (Microloans)
- High returns with low risk: Access the best debt class in the USA with low risk, using our proprietary underwriting modeling algorithm
- Increased income: Ability to monetize existing commercial relations
- Drive Customer Acquisition: Expand your customer base with innovative financial product offerings
Employees can access a portion of their earned wages before payday, providing financial flexibility and reducing employee stress.
Card Services (Payroll Cards & Digital Banking)
- Differentiated Banking Offer: Moneygram transfers and Earned Wage Access features can set your offerings apart
- True Payroll Card Capabilities: On-site payroll card distribution allows for seamless employer adoption
- Real-time Data: Offer visibility into interchange and purchasing volumes
HSA/FSA Accounts (Health Savings and Flexible Spending)
- New Revenue: Generate additional float and additional interchange revenue
- Increase Customer Basket: Monetize your existing commercial customer base and increase revenue opportunities by offering increased value
Market Opportunity
Per newly registered employee customer
Estimated Fees for money transfer remittances
Total HSA/FSA Assets by mid-2024
Future-proof your bank revenue with Earned Wage Access
We help your bank unlock new income streams and elevate customer engagement through Earned Wage Access.
Boost revenue with low-risk Earned Wage Access
- Seamless Integration: Connects with 300+ payroll systems for easy adoption.
- Low-Risk Lending: Payroll Deduction Codes ensure high repayment rates.
- Flexible Deployment: Available as a standalone service or card-based solution.
The Unicorn: why Earned Wage Access is the smartest investment
No other debt asset class matches EWA’s combination of low risk and high return.
A 63.3% Annualized Return (conservative estimate): CFPB Case Study Calculation
An extraordinarily attractive debt class
CFPB’s “Survey of Plays in EWA Industry” in 2022 shows an average annualized return of 63.3% AFTER defaults.
This includes data for employer paid advances such as Walmart which drives the overall revenue per advance down.
- No other debt asset matches EWA for risk vs. return
- Low advance duration and ability to collect from paycheck drives extraordinary returns relative to risk
Real-time data visibility: gain deeper insights
Traditional banking systems provide limited visibility into interchange data, making it difficult to optimize revenue and track transaction trends. Grit Financial changes that by offering real-time, granular insights.
Transaction-level transparency
Unlike standard bank statements (ie. fiserv), Grit Financial delivers detailed, real-time interchange data at the transaction level, enabling precise tracking and deeper financial insights.
Smarter decision-making
Access real-time analytics on spending patterns, interchange earnings, and customer segments, empowering banks to refine pricing strategies and maximize profitability.
Unlock revenue opportunities
With a clearer understanding of transactions, banks can identify high-value trends, optimize interchange fees, and leverage data-driven strategies to drive growth.
Accelerate customer growth
Convert commercial banking customers' employees with Earned Wage Access and/or Payroll Card Services.
Options for your bank:
1. Whitelabel Powered by Grit and maximize your returns with Card Services and Earned Wage Access
2. Use Grit's brand to power your Earned Wage Access and gain revenue share.
Average Earned Wage Access Penetration
Opportunities for Banks
Seamless In-App Integration
We provide in-app access to the market leader in international remittances, offering a secure, efficient, and trusted money transfer solution.
Unlock New Revenue Streams
Capture a share of the multi-billion-dollar remittance economy by leveraging transaction fees and expanding financial service offerings.
Differentiate Your Bank
Introduce a high-demand feature that resonates with 40% of the market, attracting new customers and increasing engagement.
HSA/FSA revenue opportunities
Total HSA/FSA assets
of accounts invest funds
Total HSA/FSA accounts
A surge in the HSA market indicates strong asset growth
Opportunities for Banks
Strong Asset Growth
In 2024, there was a year-over-year increase of 18% for assets and 5% for accounts.
Rapid Growth in HSA Investment Assets
About 3.2 million HSAs, representing almost 9% of all accounts had at least a portion of their HSA dollars invested.
Increase in HSA Accounts Investing
About 3.2 million HSAs, representing almost 9% of all accounts, had at least a portion of their HSA dollars invested.
