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In the News
latest news and resources from the Rellevate News Desk
Press Releases
Rellevate, Inc., Completes Initial Capital Seed Round And Forms Board Of Directors
Rellevate, Inc., Completes Initial Capital Seed Round And Forms Board Of Directors STAMFORD, CT – Rellevate, Inc., a digital fintech company dedicated to empowering consumers through innovative financial and payment services that allow them to access, move and use their money anytime, anywhere, announced that it has closed its initial capital raise to fund the Company’s growth. Rellevate also announced the formation of its Board of Directors. The announcement was made by Stewart A. Stockdale, Rellevate’s Co-Founder, Chairman & CEO. Rellevate, Inc.’s Board of Directors is: The capital raise was led by CT Innovations, Connecticut’s Strategic Venture Capital arm with participation in this round by IAG Capital Partners and Texas Halo Fund, and a great list of individual accredited investors. “We have been impressed with
Rellevate, Challenger Bank for the Working Poor, Goes Live
By Penny Crosman | August 06, 2020 Fintech companies are taking on a glaring problem in America that the coronavirus pandemic has made worse — the struggle of the working poor. Millions of Americans have full-time jobs but still can’t make ends meet. This is the market targeted by Rellevate, a challenger bank that launched on Thursday. More on its story in a moment. First, here is additional context about the problem and emerging solutions for it. Stewart Stockdale (far left), chairman and CEO of Rellevate, explains the challenger bank’s offering to hotel workers in New York. “We’re not doing overdraft because I think that’s a dirty word in the world of banking,” he said in an interview. Even before the current public health crisis,
Rellevate Launches Digital Consumer Financial Services Platform for People Who Need It Most
Inks Agreement with Sutton Bank to Further Bolster Best-in-Class Partner Network STAMFORD, CT – Rellevate™, a digital fintech company aimed at facilitating access to consumer financial services for middle and lower-income Americans, officially launched its platform today. The announcement was made by Stewart A. Stockdale, Rellevate’s Co-Founder, Chairman & CEO, who also announced that the Rellevate platform will facilitate banking services through Sutton Bank. “There is no better time to launch our digital consumer financial platform for employees who now more than ever need it most. Consumers need a transparent and robust platform that puts them in the driver’s seat of their hard-earned wages by providing convenient and flexible access to their payroll between pay cycles, and Rellevate offers them that and more,” said Stewart
Rellevate Joins Cardtronics’ Allpoint Network to Provide ATM Access
Digital Banking Innovator Offers Cash Withdrawals at 55,000 Allpoint Locations Worldwide HOUSTON, April 16, 2020 – Rellevate, LLC, a digital banking fintech company aimed at facilitating consumers’ access, movement, and use of their money-anytime, anywhere, has teamed with Cardtronics to provide surcharge-free cash access through Cardtronics’ Allpoint Network. Rellevate customers can withdraw cash at over 55,000 Allpoint ATMs worldwide using their Rellevate Visa® Debit Card, avoiding costly ATM surcharge fees. “Whether it’s digital banking, saving, paying bills, moving money, accessing earned pay between payroll cycles, or obtaining cash, our mission is to offer access to consumer financial services at fair, affordable prices,” said Stewart Stockdale, Chairman and CEO of Rellevate. “By offering convenient and worldwide access to cash through its extensive Allpoint Network, Cardtronics makes an
Technisys to Empower Rellevate’s Break-Through Digital Banking, Wage Advance, and Payments Platform – Originally on PR Newswire
Stamford, CT, January 27, 2020 – Rellevate™, LLC, a digital banking fintech company aimed at facilitating consumers’ access and use of their money, has selected Technisys as its digital core banking platform provider. Offered primarily via employers, Rellevate’s financial services include digital banking as its core umbrella product with access to payroll, bill pay, and money-sending capabilities linked to employee accounts. Rellevate recently announced an agreement with Visa. Visa DPS will be the system of record and back-end processing engine for the Rellevate Debit product. Technisys will complement the Visa DPS processing platform by adding the power and flexibility of its Cyberbank Digital Platform, a cloud-ready and open API-based platform, designed to interact directly with the Fintech ecosystem, and allow innovative digital experiences for Rellevate
Rellevate Announces New Digital Banking Services Platform – Originally on Business Wire
Partners with both Visa and Innovative Fintech Bank on Debit Program to Offer Suite of Products that Allow Consumers to Access and Use Their Money – Anytime, Anywhere… Stamford, CT – Rellevate™, LLC announces the launch of its new digital banking services platform aimed at facilitating consumers’ access and use of their money. Offered primarily via employers, Rellevate’s financial services include checking with interest as the core umbrella product with access to payroll, bill pay, and money transfer capabilities linked to the account. “We believe the time is right to offer Americans the tools to access their money and to use it when and how they need it more easily and conveniently,” said Rellevate’s Chairman and CEO Stewart A. Stockdale. “We have built a great
Insights
Digital Transformation in The Insurance Industry
Digital transformation is reshaping the insurance industry in many exciting ways. With the rise of new technologies, companies are changing how they operate and interact with customers. This transformation is not just about adopting new tools; it’s about creating better experiences for policyholders and improving overall efficiency. In this article, we will explore the various aspects of digital transformation in insurance, including the role of artificial intelligence, the challenges faced, and the benefits for customers. Key Takeaways The Role of Artificial Intelligence in Digital Transformation Artificial Intelligence (AI) is a game-changer in the insurance industry, driving significant improvements in various operations. AI enhances efficiency, allowing companies to process claims and manage policies faster. Enhancing Customer Experience Through AI AI tools help create a more personalized
Are Your Constituents Going Hungry Now That COVID Relief Measures Have Ended?
About 13.5% of households were food insecure last year with 10 states seeing increases in food insecurity What’s Happening and How Rellevate Can Help The percentage of American households experiencing hunger challenges rose again, marking the second straight year of increases in food insecurity after nearly a decade of decline, according to the U.S. Department of Agriculture. “When there are economic pressures that are squeezing household budgets, oftentimes it is the food budget that is the first to get squeezed,” -Kassandra Martinchek, Senior Research Associate at the Urban Institute Fast Fact: TANF Households Who Shop Frequently Can Maintain A Better And Steadier Calorie Intake Throughout The Month Families using food stamps tend to buy more food at the beginning of the month, with over 25%
Is Doom-Spending Affecting Your Employees?
What Is Doom-Spending? “Doom-spending” refers to a phenomenon that occurs when people spend more than they can afford to cope with stress. For example: concerns about the economy and foreign affairs, according to a study conducted by Qualtrics and Credit Karma What’s Happening and How Rellevate Can Help Nearly all Americans (96%) are concerned about the current state of the economy and two-thirds claim it’s giving them anxiety. Some of the most severe stressors include inflation, the inability to afford necessities and not having enough money to spend on things that bring happiness As a result, Americans who don’t have enough money to ‘pay bills, save and have fun’ are forced to skip the saving step and splurge on shopping sprees or travel to uplift
Financial Inclusion and the Benefit to Employers
Financial inclusion means making sure everyone has access to useful and affordable financial services. This includes things like savings accounts, loans, and insurance. When people can use these services, it helps them manage their money better and plan for the future. For employers, supporting financial inclusion can lead to a happier and more productive workforce. Key Takeaways The Role of Financial Inclusion in Reducing Poverty and Inequality Access to Formal Financial Services Financial inclusion ensures that everyone has access to formal financial services like savings, credit, and insurance. This access is crucial for managing finances and investing in income-generating activities. By providing these tools, financial inclusion can help lift people out of poverty and reduce economic disparities. Empowering Marginalized Communities Financial inclusion empowers marginalized communities
Digital Payment Services To Know About in 2025
In 2025, digital payment services are not just a convenience—they are becoming a necessity. As technology advances and consumer behavior shifts, these services are set to dominate the financial landscape, providing safer, faster, and more accessible ways to manage money. Whether you’re buying groceries, paying bills, or sending money to a friend, digital payment services offer a variety of tools that cater to your needs. This article explores five key digital payment services you should know about in 2025, starting with Rellevate, a leading fintech company that is making waves with its innovative solutions. Key Takeaways 1. Rellevate: Mobile Wallets and Debit Cards Rellevate stands out as a pioneer in the digital payment services sector, particularly for middle and lower-income Americans. With a strong focus
Fintech Examples That Are Revolutionizing Businesses
In today’s fast-paced world, financial technology, or fintech, is changing how businesses operate. By combining finance and technology, fintech is bringing new and innovative ways to handle money. From mobile banking to blockchain, these advancements are making financial services more accessible, secure, and efficient. This article explores some of the key fintech innovations that are transforming businesses. Key Takeaways Mobile Banking Innovations Mobile banking is changing the way you manage your money. With the rise of smartphones, you can now handle your finances from anywhere. Let’s explore some key innovations in mobile banking that are making a big impact. Enhancing User Experience One of the main goals of mobile banking is to make your experience as smooth as possible. Many companies are leading the way
How to Improve Constituent Engagement
Engaging constituents effectively is essential for any government or organization. When people feel heard and valued, they are more likely to participate in civic activities and support initiatives. This article will explore various strategies to improve constituent engagement and ensure that communication is timely, informative, and interactive. Key Takeaways Respond to Constituent Inquiries Quickly Responding to constituent inquiries quickly is crucial for maintaining strong engagement and open communication. Timely responses show constituents that you value their input and take their concerns seriously. Here are some strategies to help you respond efficiently: Importance of Timely Responses When you respond promptly, you demonstrate that you care about your constituents’ needs. This builds trust and encourages more active participation. A lack of timely responses can make constituents feel
Examples of Employer-Sponsored Benefits
In today’s competitive job market, employer-sponsored benefits play a vital role in attracting and keeping top talent. These benefits go beyond just a salary; they’re designed to improve employees’ overall well-being, provide financial support, and offer peace of mind. In this article, we’ll dive into five core categories of employer-sponsored benefits, highlighting specific examples that show how these offerings can positively impact employees’ lives. Key Takeaways 1. Wellness Programs Wellness programs are a key aspect of employer-sponsored benefits, designed to enhance employees’ physical and mental health. These programs help keep employees healthy, boost productivity, and reduce absenteeism. Related: Rellevate For Employees 2. Flexible Pay and Financial Tools Financial stability is crucial for employees, and flexible pay options can make a significant difference. This category of
Choosing a Great Payment Disbursement Solution
In today’s global economy, effective payment disbursement solutions are crucial for businesses aiming to maintain smooth operations and foster positive relationships with partners and customers. Disbursing funds, especially on an international scale, involves navigating a complex network of systems and regulatory requirements. By selecting the right payment disbursement solution, organizations can streamline their processes, reduce costs, and enhance cash flow management and security. Key Takeaways Understanding the Importance of Payment Disbursement Solutions Payment disbursement is a crucial aspect of modern business operations, involving the distribution of funds to recipients such as employees, vendors, or customers. Due to the complexities of today’s business environments, many companies opt to outsource this function. Outsourcing payment disbursement offers numerous benefits, including streamlined operations and enhanced efficiency, effectively breaking down
Difference Between Disbursement vs Payment
Understanding the difference between disbursements and payments is crucial for businesses and individuals alike. While both terms involve the transfer of money, they serve different purposes and are accounted for differently. This article delves into the definitions, workings, and types of disbursements and payments, and highlights the key differences between the two. Key Takeaways Understanding Disbursements Definition and Examples Disbursements are the outward movement of money from a source to recipients. Think of it as a strategic release of funds for specific purposes, ensuring smooth financial operations across various contexts. Whether you’re managing your personal budget or overseeing a large organization’s financials, disbursements play a vital role. Disbursements in Everyday Life: The Importance of Tracking Disbursements: Monitoring and tracking disbursements closely are essential in both
Press Releases
Rellevate, Inc., Completes Initial Capital Seed Round And Forms Board Of Directors
Rellevate, Inc., Completes Initial Capital Seed Round And Forms Board Of Directors STAMFORD, CT – Rellevate, Inc., a digital fintech company dedicated to empowering consumers through innovative financial and payment services that allow them to access, move and use their money anytime, anywhere, announced that it has closed its initial capital raise to fund the Company’s growth. Rellevate also announced the formation of its Board of Directors. The announcement was made by Stewart A. Stockdale, Rellevate’s Co-Founder, Chairman & CEO. Rellevate, Inc.’s Board of Directors is: The capital raise was led by CT Innovations, Connecticut’s Strategic Venture Capital arm with participation in this round by IAG Capital Partners and Texas Halo Fund, and a great list of individual accredited investors. “We have been impressed with
Rellevate, Challenger Bank for the Working Poor, Goes Live
By Penny Crosman | August 06, 2020 Fintech companies are taking on a glaring problem in America that the coronavirus pandemic has made worse — the struggle of the working poor. Millions of Americans have full-time jobs but still can’t make ends meet. This is the market targeted by Rellevate, a challenger bank that launched on Thursday. More on its story in a moment. First, here is additional context about the problem and emerging solutions for it. Stewart Stockdale (far left), chairman and CEO of Rellevate, explains the challenger bank’s offering to hotel workers in New York. “We’re not doing overdraft because I think that’s a dirty word in the world of banking,” he said in an interview. Even before the current public health crisis,
Rellevate Launches Digital Consumer Financial Services Platform for People Who Need It Most
Inks Agreement with Sutton Bank to Further Bolster Best-in-Class Partner Network STAMFORD, CT – Rellevate™, a digital fintech company aimed at facilitating access to consumer financial services for middle and lower-income Americans, officially launched its platform today. The announcement was made by Stewart A. Stockdale, Rellevate’s Co-Founder, Chairman & CEO, who also announced that the Rellevate platform will facilitate banking services through Sutton Bank. “There is no better time to launch our digital consumer financial platform for employees who now more than ever need it most. Consumers need a transparent and robust platform that puts them in the driver’s seat of their hard-earned wages by providing convenient and flexible access to their payroll between pay cycles, and Rellevate offers them that and more,” said Stewart
Rellevate Joins Cardtronics’ Allpoint Network to Provide ATM Access
Digital Banking Innovator Offers Cash Withdrawals at 55,000 Allpoint Locations Worldwide HOUSTON, April 16, 2020 – Rellevate, LLC, a digital banking fintech company aimed at facilitating consumers’ access, movement, and use of their money-anytime, anywhere, has teamed with Cardtronics to provide surcharge-free cash access through Cardtronics’ Allpoint Network. Rellevate customers can withdraw cash at over 55,000 Allpoint ATMs worldwide using their Rellevate Visa® Debit Card, avoiding costly ATM surcharge fees. “Whether it’s digital banking, saving, paying bills, moving money, accessing earned pay between payroll cycles, or obtaining cash, our mission is to offer access to consumer financial services at fair, affordable prices,” said Stewart Stockdale, Chairman and CEO of Rellevate. “By offering convenient and worldwide access to cash through its extensive Allpoint Network, Cardtronics makes an
Technisys to Empower Rellevate’s Break-Through Digital Banking, Wage Advance, and Payments Platform – Originally on PR Newswire
Stamford, CT, January 27, 2020 – Rellevate™, LLC, a digital banking fintech company aimed at facilitating consumers’ access and use of their money, has selected Technisys as its digital core banking platform provider. Offered primarily via employers, Rellevate’s financial services include digital banking as its core umbrella product with access to payroll, bill pay, and money-sending capabilities linked to employee accounts. Rellevate recently announced an agreement with Visa. Visa DPS will be the system of record and back-end processing engine for the Rellevate Debit product. Technisys will complement the Visa DPS processing platform by adding the power and flexibility of its Cyberbank Digital Platform, a cloud-ready and open API-based platform, designed to interact directly with the Fintech ecosystem, and allow innovative digital experiences for Rellevate
Rellevate Announces New Digital Banking Services Platform – Originally on Business Wire
Partners with both Visa and Innovative Fintech Bank on Debit Program to Offer Suite of Products that Allow Consumers to Access and Use Their Money – Anytime, Anywhere… Stamford, CT – Rellevate™, LLC announces the launch of its new digital banking services platform aimed at facilitating consumers’ access and use of their money. Offered primarily via employers, Rellevate’s financial services include checking with interest as the core umbrella product with access to payroll, bill pay, and money transfer capabilities linked to the account. “We believe the time is right to offer Americans the tools to access their money and to use it when and how they need it more easily and conveniently,” said Rellevate’s Chairman and CEO Stewart A. Stockdale. “We have built a great
News Desk
Digital Transformation in The Insurance Industry
Digital transformation is reshaping the insurance industry in many exciting ways. With the rise of new technologies, companies are changing how they operate and interact with customers. This transformation is not just about adopting new tools; it’s about creating better experiences for policyholders and improving overall efficiency. In this article, we will explore the various aspects of digital transformation in insurance, including the role of artificial intelligence, the challenges faced, and the benefits for customers. Key Takeaways The Role of Artificial Intelligence in Digital Transformation Artificial Intelligence (AI) is a game-changer in the insurance industry, driving significant improvements in various operations. AI enhances efficiency, allowing companies to process claims and manage policies faster. Enhancing Customer Experience Through AI AI tools help create a more personalized
Are Your Constituents Going Hungry Now That COVID Relief Measures Have Ended?
About 13.5% of households were food insecure last year with 10 states seeing increases in food insecurity What’s Happening and How Rellevate Can Help The percentage of American households experiencing hunger challenges rose again, marking the second straight year of increases in food insecurity after nearly a decade of decline, according to the U.S. Department of Agriculture. “When there are economic pressures that are squeezing household budgets, oftentimes it is the food budget that is the first to get squeezed,” -Kassandra Martinchek, Senior Research Associate at the Urban Institute Fast Fact: TANF Households Who Shop Frequently Can Maintain A Better And Steadier Calorie Intake Throughout The Month Families using food stamps tend to buy more food at the beginning of the month, with over 25%
Is Doom-Spending Affecting Your Employees?
What Is Doom-Spending? “Doom-spending” refers to a phenomenon that occurs when people spend more than they can afford to cope with stress. For example: concerns about the economy and foreign affairs, according to a study conducted by Qualtrics and Credit Karma What’s Happening and How Rellevate Can Help Nearly all Americans (96%) are concerned about the current state of the economy and two-thirds claim it’s giving them anxiety. Some of the most severe stressors include inflation, the inability to afford necessities and not having enough money to spend on things that bring happiness As a result, Americans who don’t have enough money to ‘pay bills, save and have fun’ are forced to skip the saving step and splurge on shopping sprees or travel to uplift
Financial Inclusion and the Benefit to Employers
Financial inclusion means making sure everyone has access to useful and affordable financial services. This includes things like savings accounts, loans, and insurance. When people can use these services, it helps them manage their money better and plan for the future. For employers, supporting financial inclusion can lead to a happier and more productive workforce. Key Takeaways The Role of Financial Inclusion in Reducing Poverty and Inequality Access to Formal Financial Services Financial inclusion ensures that everyone has access to formal financial services like savings, credit, and insurance. This access is crucial for managing finances and investing in income-generating activities. By providing these tools, financial inclusion can help lift people out of poverty and reduce economic disparities. Empowering Marginalized Communities Financial inclusion empowers marginalized communities
Digital Payment Services To Know About in 2025
In 2025, digital payment services are not just a convenience—they are becoming a necessity. As technology advances and consumer behavior shifts, these services are set to dominate the financial landscape, providing safer, faster, and more accessible ways to manage money. Whether you’re buying groceries, paying bills, or sending money to a friend, digital payment services offer a variety of tools that cater to your needs. This article explores five key digital payment services you should know about in 2025, starting with Rellevate, a leading fintech company that is making waves with its innovative solutions. Key Takeaways 1. Rellevate: Mobile Wallets and Debit Cards Rellevate stands out as a pioneer in the digital payment services sector, particularly for middle and lower-income Americans. With a strong focus
Fintech Examples That Are Revolutionizing Businesses
In today’s fast-paced world, financial technology, or fintech, is changing how businesses operate. By combining finance and technology, fintech is bringing new and innovative ways to handle money. From mobile banking to blockchain, these advancements are making financial services more accessible, secure, and efficient. This article explores some of the key fintech innovations that are transforming businesses. Key Takeaways Mobile Banking Innovations Mobile banking is changing the way you manage your money. With the rise of smartphones, you can now handle your finances from anywhere. Let’s explore some key innovations in mobile banking that are making a big impact. Enhancing User Experience One of the main goals of mobile banking is to make your experience as smooth as possible. Many companies are leading the way
How to Improve Constituent Engagement
Engaging constituents effectively is essential for any government or organization. When people feel heard and valued, they are more likely to participate in civic activities and support initiatives. This article will explore various strategies to improve constituent engagement and ensure that communication is timely, informative, and interactive. Key Takeaways Respond to Constituent Inquiries Quickly Responding to constituent inquiries quickly is crucial for maintaining strong engagement and open communication. Timely responses show constituents that you value their input and take their concerns seriously. Here are some strategies to help you respond efficiently: Importance of Timely Responses When you respond promptly, you demonstrate that you care about your constituents’ needs. This builds trust and encourages more active participation. A lack of timely responses can make constituents feel
Examples of Employer-Sponsored Benefits
In today’s competitive job market, employer-sponsored benefits play a vital role in attracting and keeping top talent. These benefits go beyond just a salary; they’re designed to improve employees’ overall well-being, provide financial support, and offer peace of mind. In this article, we’ll dive into five core categories of employer-sponsored benefits, highlighting specific examples that show how these offerings can positively impact employees’ lives. Key Takeaways 1. Wellness Programs Wellness programs are a key aspect of employer-sponsored benefits, designed to enhance employees’ physical and mental health. These programs help keep employees healthy, boost productivity, and reduce absenteeism. Related: Rellevate For Employees 2. Flexible Pay and Financial Tools Financial stability is crucial for employees, and flexible pay options can make a significant difference. This category of
Choosing a Great Payment Disbursement Solution
In today’s global economy, effective payment disbursement solutions are crucial for businesses aiming to maintain smooth operations and foster positive relationships with partners and customers. Disbursing funds, especially on an international scale, involves navigating a complex network of systems and regulatory requirements. By selecting the right payment disbursement solution, organizations can streamline their processes, reduce costs, and enhance cash flow management and security. Key Takeaways Understanding the Importance of Payment Disbursement Solutions Payment disbursement is a crucial aspect of modern business operations, involving the distribution of funds to recipients such as employees, vendors, or customers. Due to the complexities of today’s business environments, many companies opt to outsource this function. Outsourcing payment disbursement offers numerous benefits, including streamlined operations and enhanced efficiency, effectively breaking down
Difference Between Disbursement vs Payment
Understanding the difference between disbursements and payments is crucial for businesses and individuals alike. While both terms involve the transfer of money, they serve different purposes and are accounted for differently. This article delves into the definitions, workings, and types of disbursements and payments, and highlights the key differences between the two. Key Takeaways Understanding Disbursements Definition and Examples Disbursements are the outward movement of money from a source to recipients. Think of it as a strategic release of funds for specific purposes, ensuring smooth financial operations across various contexts. Whether you’re managing your personal budget or overseeing a large organization’s financials, disbursements play a vital role. Disbursements in Everyday Life: The Importance of Tracking Disbursements: Monitoring and tracking disbursements closely are essential in both
