Two fast-growing Birmingham-based startups join forces to provide earned wage access to thousands of employees
BIRMINGHAM, Ala. – Nov. 18, 2020 – Immediate, a financial wellness company, today announced a new partnership with Simpeo, a technology-driven professional employer organization (PEO). The two fast-growing Birmingham-based startups will enable Simpeo’s payroll, compliance, and benefits clients to access the Immediate suite of financial wellness tools, including earned wage access. Simpeo is one of almost 30 payroll and time tracking solutions that Immediate seamlessly integrates with, and is its preferred Birmingham-area PEO partner.
Simpeo helps businesses focus on their high-value revenue-generating activities by taking on payroll, benefits, human resources, and compliance functions. With its comprehensive technology platform, Simpeo simplifies complicated and time-consuming administrative human resources work. Its group purchasing model also enables small and medium-sized businesses to take advantage of benefits traditionally offered by large corporations, at competitive rates.
“We are extremely excited about our partnership with Immediate,” said Blake Patterson, Simpeo’s CEO. “Our two organizations share a mission to improve employee quality of life by arming employers with solutions that increase job satisfaction, motivation, and retention. We’re thrilled to add Immediate’s financial wellness solution to the value proposition we offer clients, so they can provide their employees with the opportunity to access dollars they’ve earned on-demand, thereby avoiding predatory lending and freeing them from debt cycles.”
“Not only do we share a mission with Simpeo, we share a local DNA, as two tech startups based out of Birmingham that now have this fantastic opportunity to grow our footprint together,” said Matt Pierce, Immediate founder and CEO. “Whether a business employs three people, three hundred, or three thousand, we want to give them the opportunity to offer their employees financial wellness tools that will significantly improve their well-being and job satisfaction, while empowering them to be 100% present and undistracted on the job. We’re very much looking forward to having Simpeo as our preferred Birmingham-area PEO partner, and work with their growing portfolio of clients.”
Simpeo is a Birmingham-based technology-driven professional employer organization (PEO). Simpeo helps businesses reduce their time spent on payroll, compliance, HR, and employee benefits, and couples its technology platform with licensed HR professionals. Companies that join Simpeo gain access to exceptional employee benefits at reduced costs; on average clients save 19.6 percent annually on their payroll, HR Compliance and benefit costs. Learn more at simpeo.com.