Today we’d like to introduce you to Alfred Milan
Alright, so thank you so much for sharing your story and insight with our readers. To kick things off, can you tell us a bit about how you got started?
Hi, my name is Alfred Milan and the CEO of Express Wages located in Memphis, TN. I was a CEO for a healthcare company and was given the opportunity to enter into the Fintech space as the first African American CEO and company in this particular space of earned waged access (EWA. I grew up in Memphis and there were not many CEO’s that looked like me, but it did not stop my drive and tenacity to make a difference. We are in a very unique sector and assisting the underserved community that are having issues with finances and financial wellness. After graduating from Morehouse College as one of the top marketing students I never thought that I would be a founder and CEO of a thriving and innovative company. I believe that every successful business is based on their team and that is certainly the case with our company. You do not go as far as your dream you go as far as your team. Lastly, my wife and children are my driving force to keep me grounded and let me know that our faith and family are the chief cornerstone of our lives. It is an honor to serve as Express Wages CEO and founder and we are looking forward to changing the finance arena.
We all face challenges, but looking back would you describe it as a relatively smooth road?
Mary of the struggles are the struggles that many start-ups face. The ability to get resources and funding. There are many people who want to help great start-ups like ours and we are excited that we have many who reached out to assist in what we are doing.
Appreciate you sharing that. What should we know about Express Wages?
Express Wages is an LLC Fintech start up company based in Delaware LLC, headquartered in Memphis, TN. It is a fintech startup with an emphasis on wages on demand for companies who struggle with employee turnover and financial insecurity for employees.
With growing inflation and many finding themselves living paycheck to paycheck, people are looking for higher paying jobs and non-traditional benefits. While many organizations cannot afford higher wages, they can offer creative benefits that are truly priceless.
One such benefit is offering employees more timely access to their earnings, commonly known as wages-on-demand or earned wage access (EWA).
Alright, so to wrap up, is there anything else you’d like to share with us?
Why American employees need credit – and why they can’t get it EWA emerged as a potential solution to address persistent liquidity challenges faced by households that lack cash or other assets to manage periods of financial stress.
Unfortunately, this is a regular occurrence in American households – over half of Americans have no emergency savings and are living paycheck to paycheck. Not only do they have minimal savings, many are actually indebted: more than 1 in 3 Americans actually have more in credit card debt than emergency funds.
Beyond a simple lack of resources, a mismatch between receipt of income and timing of expenses can also cause liquidity issues.
12 Lane Gillespie, “Bankrate’s 2023 Annual Emergency Savings Report,” Bankrate, Feb 23, 2023.
Contact Info:
- Website: https://www.expresswages.com
