PayPerks, part of the SMI Family

Founded in 2010 and acquired by State & Municipal Implementations, Inc. (SMI) in 2021, PayPerks is a financial education and engagement platform. The company partners with government agencies and financial institutions to provide a gamified learning experience for their prepaid cardholders. By completing educational modules on financial literacy, users earn chances to win cash prizes, which incentivizes learning and promotes responsible financial behavior. The mission is to deliver financial capability and improve financial health for underserved populations.