Payroll and HR Fintech Company XTM Inches Agreement to Expand Its Portfolio and Global Customer Base – SoFi Techs (NASDAQ:SOFI), Fleetcor Technologies (NYSE:FLT)
As part of the work to expand the product portfolio and get the services to more customers, XTM Inc. XTMIF PAID 7XTa fintech company based in Miami and Toronto, recently signed People2.0 to its platform for earned salary access, payment and people management.
Fintech creator of “disruptive” payment innovations and workforce management solutions aimed at inspiring today’s hospitality, personal care and service space workers, welcomed People2.0 to its Today Financial™ platform for Earned Wage Access (EWA) and to its Timely Staff Management Platform for shift management and summoning employees.
According to the company, the partnership with People2.0 – the world’s largest global employer of record and record services platform – is expected to accelerate XTM’s growth and expand its reach in the global market.
People2.0’s record (EOR) and agent of record (AOR) companies around the world, networked by its proprietary FlexLife™ technology platform, create a unique global ecosystem where talent providers can engage any category of worker in any work arrangement, anywhere, while self-employed professionals have access to business support services and portability benefits.
On the other hand, EWA is a fast-growing trend in payroll and workforce management, and XTM’s Today Financial™ platform may be leading the way in providing on-demand access to earned payroll. EWA allows employees to receive their paychecks faster and more conveniently without the need for a payday loan or credit check.
The partnership with People2.0 is expected to bring significant benefits to both companies. XTM will gain access to People2.0’s extensive network of customers and partners, including small and medium-sized businesses across the United States and Canada. People2.0, on the other hand, will be able to offer its customers access to XTM’s innovative payment and personnel management solutions.
While acknowledging that the addition of People2.0 to the platform was the result of a team effort, XTM CEO Marilyn Schaffer said she was optimistic that “Together, we aim to disrupt and inspire today’s workforce and employers with benefits driven by digital automation, functionality and immediate access to income.”
Shean Dillon, founder and CEO of U. Inc., noted, “I have years of experience staffing, acquiring and valuing workers as the vital assets they are. The mission of U. Inc. is to focus on the quality of work life of workers across across North America, bridging digital functionality, such as Earned Wage Access, between employer and employee We are excited to be part of the XTM and People2.0 EWA program and look forward to fully leveraging each party’s forces.”
This partnership is just the latest in a series of strategic moves by XTM to expand its reach and increase market share.
Overall, the partnership between XTM and People2.0 could be a significant development in the fintech industry and is expected to bring new opportunities for businesses and employees worldwide.
As EWA continues to gain momentum, XTM’s platform and strategic partnerships can position it well to lead in this growing market, which also has players such as SoFi Technologies Inc. SOPHIE, Fleetcor Technologies Inc. FLT, Nuvei Corp. NVEIand EVO Payments Inc. EVOP.
Established as a leader in on-demand payroll with many major brands including Earls, Maple Leaf Sports & Entertainment, Cactus Club, Marriott Hotels and Live Nation, XTM says it will continue to innovate with additional digital functionality to support businesses to inspire workers to wanting to work more with shift scheduling and messaging, staff management, expense management, in-app health and financial wellness; and gamified loyalty programs.
XTM’s Today Financial™ is used through POS and payroll integrations and directly through online portals by thousands of businesses and their workers across Canada and the US
Featured image by Monkey Business Images on Shutterstock
This post contains sponsored advertising content. This content is for informational purposes only and is not intended as investment advice
