Immediate Raises $13M Series B to Expand Earned Wage Access Solutions

Immediate Secures $13M in Series B Funding

Immediate, a Birmingham, Alabama-based financial technology company, has raised $13 million in Series B funding. The round was led by BankTech Ventures, with participation from Castle Creek Launchpad and BankSouth. The funding was announced on September 2, 2026.

About Immediate

Founded in 2019 by CEO Matt Pierce and CTO Jason Gwizdala, Immediate provides a platform offering earned wage access, off-cycle payments, digital tips, paycards, and a private-label embedded EWA product. This product enables banks and credit unions to offer short-term liquidity within their own digital experiences. The company integrates with payroll, HCM, workforce management, and banking systems.

Immediate serves more than 625 employers nationwide and distributes its solutions through partnerships with community banks, including strategic investor BankTech Ventures.

Funding Details

• Round Type: Series B
• Amount: $13 million
• Lead Investor: BankTech Ventures
• Other Investors: Castle Creek Launchpad, BankSouth
• Announcement Date: September 2, 2026

Implications

The new capital will likely support Immediate's expansion of its earned wage access offerings and further development of its embedded EWA product for financial institutions. With a growing employer base and strategic partnerships, the company is well-positioned to address the increasing demand for financial wellness solutions.