OnePay Adds Credit-Building Card to All-in-One Financial App

Consumer FinTech company OnePay has launched a product designed to provide Americans with a starting point for building credit.

The new Builder Card is integrated into the OnePay app and connected to a customer’s Cash account, the company said in a Thursday (April 23) press release.

In use, the customer makes purchases based on their available Spend balance, the app automatically sets aside funds to cover those transactions, the customer makes payments with the help of the app, and OnePay reports positive payment activity to the three major credit bureaus, according to the release.

The Builder Card does not require an upfront security deposit or a credit check, and does not charge interest or late fees, per the release.

“By removing obstacles like credit checks, upfront security deposits, late, monthly or annual fees, and interest, the Builder Card makes credit building more accessible while reinforcing healthy financial habits through everyday spending,” OnePay said in the release. “It is designed to give customers a straightforward way to make progress, because when money works better, life does too.”

The launch of the Builder Card is part of OnePay’s broader effort to combine banking, credit and everyday money tools in one easy-to-use experience, the company said.

It was reported in January that OnePay reached a $4 billion valuation, up from $2.5 billion in 2024, after repurchasing shares from employees.

OnePay was formed from the combination of two smaller FinTechs, with the aim of establishing an all-in-one financial app, and the company has flourished thanks to its distribution partnership with Walmart, growing to upwards of 3 million monthly active users.

At the time of that January report, OnePay’s offerings had expanded to include a credit card, cryptocurrency trading, a buy now, pay later (BNPL) product and an investing platform.

On April 9, OnePay announced that it is making a push beyond consumer finance and into the workplace by striking a new partnership with Workday that puts its financial tools directly inside employer benefit systems.

When announcing that partnership, OnePay Chief Commercial Officer Thomas Hoare said in a press release that the goal is to bring “comprehensive money tools into the systems employees already use every day.”