FinFit, a leading financial wellness platform for US employers, has announced a strategic partnership with isolved, a prominent HCM technology leader. Starting Fall 2024, FinFit’s comprehensive suite of financial wellness products will be available through the isolved Marketplace and its People Cloud platform, extending its reach to millions of American workers using isolved’s services.
- Current Financial Struggles
- Many American workers face financial challenges due to high housing costs, rising healthcare premiums, and expensive household items.
- 75% of workers live paycheck to paycheck, with half having savings under $1,000.
- Financial stress affects mental well-being and work productivity, with workers spending up to three hours per week on financial issues.
- FinFit’s Mission
- Address immediate financial concerns by providing tools for debt management and financial growth.
- The partnership with isolved aims to deliver critical financial wellness support to a broader workforce.
- Holistic Financial Programs
- Coaching and Education: Ongoing financial education and personalized coaching.
- Emergency Savings: Tools to help build and manage emergency funds.
- Credit and Loans: Inclusive access to credit and affordable loan options.
- Integration with isolved
- Seamless integration into the isolved People Cloud platform.
- Support for employees during significant financial events, enhancing their overall financial health.
- Michael Woodhead, Chief Commercial Officer, FinFit: “It’s our mission to arm American workers with financial wellness tools to get out of debt and thrive financially. Our partnership with isolved is vital for achieving this goal and serving their vast customer base.”
- Barry Gauch, Vice President, Strategic Alliances & Partnerships, isolved: “FinFit is an ideal partner for isolved, enabling us to offer comprehensive financial wellness programs that meet our customers’ needs and enhance employee experiences.”
The collaboration between FinFit and isolved represents a significant step forward in providing financial wellness support to American workers. By integrating FinFit’s solutions into the isolved People Cloud platform, the partnership aims to address critical financial challenges and improve overall employee well-being.
