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Immediate secures $13 million in Series B funding led by BankTech Ventures to enhance its earned wage access platform.

PRIVATESep 03, 2026•5 days ago

Amount Raised

$13 Million

Round Type

Series B

BirminghamFinancial ServicesEmployee BenefitsFintech

Investors

Bank SouthCastle Creek LaunchpadBank Tech Ventures

Description

Immediate, based in Birmingham, Alabama, has raised $13 million in Series B funding to advance its earned wage access and financial wellness platform. This financing will help accelerate product development and expand distribution partnerships. The round was led by BankTech Ventures with participation from Castle Creek Launchpad and BankSouth. Immediate aims to scale its presence in the employer market with this capital injection.

Company Information

Company

Immediate

Location

Birmingham, Alabama, United States

About

Immediate partners with employers to provide their employees with wages that have been earned but not paid, whenever they are needed. With seamless time tracking and payroll integrations, same-day and next-day bank transfers, and the ability to put earnings directly on a debit card, Immediate is working to improve financial wellness and eliminate cycles of debt for employees by allowing access to their hard-earned wages when they need it most. To learn more, visit joinimmediate.com.

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Funding Insights

Based on industry data
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Immediate raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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