WILMINGTON, DE & MIAMI, FL — Ualett is celebrating its seventh anniversary with two major expansions: a new bilingual operations hub in Bogotá, Colombia, through a collaboration with Foundever®, and a hiring campaign in the Dominican Republic.
Founded in 2018 by a Dominican-led team, Ualett has grown from grassroots outreach into a profitable national brand. The company provides flexible cash advances to gig workers without relying on credit scores or traditional lending models. In 2024, Ualett processed more than 12,000 cash advances monthly, and that volume has surged this year to more than 19,000 per month — averaging 600 per day — signaling rapid growth and growing customer trust.
“Seven years ago, Ualett began with a mission to build financial tools for workers excluded by the system,” said Ricky Michel Presbot, CEO and co-founder. “This next chapter reflects both how far we’ve come and how much further we plan to go while staying true to our roots in trust, transparency, and community-led impact.”
The Colombia hub, operated with Foundever, strengthens Ualett’s service capacity while ensuring high-quality, bilingual customer support. The move enables the company to scale efficiently while maintaining the personal, empathetic approach that defines its brand.
In the Dominican Republic, Ualett is opening more than 30 new positions across operations, customer experience, and support. The expansion reinforces the company’s commitment to investing in the communities that helped shape its founding and mission.
“This isn’t just growth, it’s growth with purpose,” said Jay Millard, Ualett’s chief revenue officer. “Expanding in Colombia and the D.R. allows us to serve our customers better while deepening ties with the communities that helped build Ualett from the ground up.”
The company’s dual expansions underscore its focus on operational scale, cultural alignment, and its role as a financial lifeline for U.S. gig workers navigating limited access to traditional banking.
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