Instant Financial Partners with Symply to Modernize QSR Payroll
Instant Financial, a pioneer in modern payment solutions and earned wage access (EWA), has entered a strategic partnership with Symply, a platform designed to streamline hiring, onboarding, and payroll for quick-service restaurants (QSRs). This collaboration designates Instant as Symply’s exclusive payments partner, bringing flexible and digital wage solutions to an expanding base of frontline employers.
- Exclusive Payments Integration:
- Instant becomes Symply’s sole provider for digital tipping and paycard solutions.
- This enables QSRs to eliminate paper checks and adopt faster, digital wage distribution methods.
- Enhanced Employee Experience:
- Workers can access wages and tips via Instant’s modern paycard, ideal for those unbanked or underbanked.
- The solution supports daily wage access and digital tips, improving financial control for hourly staff.
- Operational Benefits for Employers:
- Restaurant managers can now issue same-day termination payments, addressing a key pain point.
- Instant Pay enables fully compliant earned wage access through paycards or digital transfer.
- Seamless Platform Integration:
- Instant’s functionalities are embedded directly into Symply’s onboarding process.
- Clients can activate services immediately, without additional paperwork or operational burden.
- Mission Alignment Between Partners:
- Michael Demerjian, CEO of Symply, highlights the partnership as a natural extension of their goal to simplify business operations.
- Tal Clark, CEO of Instant Financial, emphasizes the shared commitment to ease-of-use and employee empowerment.
- Industry Leadership and Impact:
- Instant is recognized as the first company to offer a paycard-based EWA solution since 2015.
- Currently processes over $7.5 billion in payments annually, supporting brands like Church’s Chicken, Bloomin’ Brands, and Sun Holdings.
- Offers an all-in-one platform integrating EWA, digital tipping, and instant payments via banks, wallets, or paycards—at no or low cost.
The partnership between Instant Financial and Symply marks a significant advancement in modernizing wage access and payroll for the QSR industry. By delivering seamless integration, flexible payouts, and streamlined backend processes, the collaboration is set to improve employee satisfaction, enhance operational efficiency, and address critical financial gaps for the frontline workforce. As the restaurant industry continues to adapt to digital transformation, solutions like this will be key to staying competitive and retaining talent.
