Contribution: Industrial Research Assistance Program – Contributions to Firms
ZayZoon Inc.
$450,000.00
Expanding Earned Wage Access in Canada
FY 2024-25 · 2024-09-01
Summary
This project expands ZayZoon’s innovative Earned Wage Access product to Canada, enabling employees access to their earned wages prior to traditional payday cycles to enhance their financial wellness. The project’s key objectives include forming strategic partnerships with leading service providers, driving widespread user adoption and tailoring the product to the Canadian technical and regulatory setting. The learnings will also form the beginnings of an "international playbook" for expansion into other markets.
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
Calgary|Calgary, Alberta, Canada
Recipient Type
For-profit organization
Business Number
831559174
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
Amendments
Each version of the agreement as published, oldest first, with its total as of that version. The amount above is the latest.
| Amendment | Date | Fiscal Year | Total |
|---|---|---|---|
| 0 | 2024-09-01 | 2024-25 | $400,000.00 |
| 1 | 2024-09-01 | 2024-25 | $450,000.00 |
As published
Additional Information
This agreement has been amended 1 time(s). The end date of this agreements has been modified by 15 days. The total amended value is 50,000 dollars.
Additional Information (French)
Cet accord a été modifié 1 fois La date de fin du présent accord a été changé de 15 jours. La valeur totale des modifications est de 50 000 dollars.
Agreement End Date
2025-03-15
Agreement Number
1021873
Agreement Start Date
2024-09-01
Agreement Title
Expanding Earned Wage Access in Canada
Agreement Title (French)
Élargir l’accès au salaire gagné au Canada
Agreement Type
Contribution
Agreement Value
$450,000.00
Amendment Date
2025-03-03
Amendment Number
1
Coverage
IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation. | Les projets des Contributions aux entreprises stimulent la création de richesse au Canada grâce à l’innovation technologique.
Description
This project expands ZayZoon’s innovative Earned Wage Access product to Canada, enabling employees access to their earned wages prior to traditional payday cycles to enhance their financial wellness. The project’s key objectives include forming strategic partnerships with leading service providers, driving widespread user adoption and tailoring the product to the Canadian technical and regulatory setting. The learnings will also form the beginnings of an "international playbook" for expansion into other markets.
Description (French)
Ce projet étend au Canada le produit innovant d’accès au salaire gagné de ZayZoon, permettant aux employés d’accéder à leur salaire gagné avant les cycles traditionnels du jour de paie afin d’améliorer leur bien-être financier. Les principaux objectifs du projet comprennent la formation de partenariats stratégiques avec des fournisseurs de services de premier plan, l’adoption généralisée par les utilisateurs et l’adaptation du produit au cadre technique et réglementaire canadien. Les enseignements tirés de ce projet constitueront également les prémices d’un guide international en vue d’une expansion sur d’autres marchés.
Expected Results
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Expected Results (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Federal Riding
Calgary Centre
Federal Riding (French)
Calgary-Centre
Federal Riding Number
48004
NAICS Code
511211
Organization Code
nrc-cnrc
Organization
National Research Council Canada | Conseil national de recherches Canada
Program Name
Industrial Research Assistance Program – Contributions to Firms
Program Name (French)
Programme d’aide à la recherche industrielle – Contributions aux entreprises
Program Purpose
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Program Purpose (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Recipient Business Number
831559174
Recipient City
Calgary|Calgary
Recipient Country
CA
Recipient Legal Name
ZayZoon Inc.
Recipient Postal Code
T2G 1S5
Recipient Province or Territory
AB
Recipient Type
F
Reference Number
172-2024-2025-Q2-1021873
