WorkStride is pleased to announce that we are now a part of Prepaid Technologies!
Prepaid Technologies, a pioneer in the rapidly growing digital payments solutions market, has announced the acquisition of WorkStride, a leading provider of incentive, employee recognition and rewards programs. The acquisition comes after Prepaid Technologies raised $96M in growth financing from Edison Partners in late 2021.
Prepaid Technologies makes it easy for businesses to transform disbursement, payroll, and purchasing processes with real-time digital payments across niche categories. The combination of Prepaid Technologies and WorkStride will provide corporate customers with a full spectrum of enterprise payment solutions—from pay, expense management and corporate disbursements to employee and channel incentives and rewards, all designed to streamline payment processes and deliver the most memorable and engaging reward experiences in the market.
“We are impressed by WorkStride’s proven capability to deliver award-winning employee recognition and incentive programs, and knew we had to include them in the growing Prepaid Technologies family of offerings,” said Stephen Faust, CEO of Prepaid Technologies. “Their channel incentives, rewards and engagement solutions are ideal and complementary fit to our existing Dash suite. This strategic combination enhances our position for rapid growth and provides customers and the market at large with a powerful, one-stop-shop suite of payments and engagement solutions.”
Founded in 1999, New York City-based WorkStride has earned clients’ trust for more than two decades by constantly improving its reward and engagement technology, services, and support. WorkStride’s success is driven by three concurrent goals: to create secure and scalable infrastructure, a flexible technology platform and consultative, client-specific customizations.
“For some time, WorkStride’s customers have been asking for a more frictionless experience with how payments are made as part of our engagement platform. By joining forces with Prepaid Technologies, we will be able to address this growing need, as well as open our platform to new solutions for new industries,” said Tom Silk, CEO of WorkStride. “The combination of our two customer-centric organizations, powered by great technology and passionate people, will provide tremendous opportunities for our customers, partners and employees.”
About Prepaid Technologies
Founded and based in Birmingham, Ala., Prepaid Technologies is a fintech solution and payments program manager with thousands of customers, providing innovative digital
payment solutions, driven by a proprietary technology stack, including payroll, expense, gift, reward and incentive card products to employers, financial institutions, and government agencies. Prepaid Technologies goes to market under the product suite name of Dash. Learn more at http://www.in-prepaid.com.
Founded in 1999, WorkStride is a leader in delivering reward and engagement programs to the global enterprise through cutting-edge technology, services, and support. WorkStride’s core offerings are focused on channel incentives and rebate programs, employee recognition and engagement, and bulk reward fulfillment.