Fintech as a Solution for Employee Financial Health: Findings from Five Exploratory Studies
Workers, especially those with low to moderate incomes, are under enormous financial stress. How can employer-channel fintechs strengthen employee financial health while also improving workplace outcomes? The Financial Solutions Lab partnered with Washington University in St. Louis to examine the impact of five employee-focused financial products, uncovering data-driven insights on the promise and opportunity of employer-channel fintechs.

Andrew Dunn, Manager, Financial Health Network
Nadia van de Walle, Director, Financial Health Network

Top Takeaways

We partnered with five fintechs – Brightside, HoneyBee, Manifest, MedPut, and Onward – to explore how they're used and their impact on employees’ financial lives.

Fintech products are in demand among financially vulnerable employees

Employees who engage more with fintech benefits show lower turnover rates

Employer-supported savings and loans products can replace high-cost alternatives

Go Deeper Into each Company’s Findings

Learn about the individual impact of these five fintechs in our exploratory studies.


Brightside, a holistic offering that uses data, a platform of financial products, and financial assistants to provide employees with personalized guidance


HoneyBee, an employer-sponsored annual benefit providing employees access to 0% APR, no-fee loans, and unlimited financial coaching.


Manifest, a product facilitating 401(k) transfers for individuals that switch employers.


MedPut, an employee benefit that provides an interest-free payment plan and negotiates discounts on out-of-pocket healthcare bills.


Onward, a nonprofit employer-sponsored mobile savings and financial education app that enables workers of all income levels to build financial security.


Our Partner

The research in this report was conducted in partnership with the Social Policy Institute (SPI) at Washington University in St. Louis.