Earnin’s mission is to build a financial system that works for people. Every year, while Americans wait for their paychecks, more than $1 trillion of their hard-earned money is held up in the pay cycle. As a result, we accumulate over $50 billion in late and overdraft fees and turn to high-interest loans. We seek to eliminate those fees and put money back into workers’ hands.
Our financial system doesn’t work for people. But Earnin does. Earnin is an app that lets people get paid as soon as they leave work, with no fees, interest, or hidden costs. App users can receive their money in their bank account instantly at little or no cost — as we operate on a pay what you choose model. All they need is a bank account and a job that provides direct deposit or uses electronic timesheets.
At Earnin we’re building the way we think a financial system should work for everyone, not just the people who can afford it. We help people take control of their money and get to a better financial place.
Our goal is not only to provide great products at little or no cost to the people who need them but also to inspire kindness across the financial world and eventually across all industries.
Our financial system doesn’t work for people. But Earnin does. Earnin is an app that lets people get paid as soon as they leave work, with no fees, interest, or hidden costs. App users can receive their money in their bank account instantly at little or no cost — as we operate on a pay what you choose model. All they need is a bank account and a job that provides direct deposit or uses electronic timesheets.
At Earnin we’re building the way we think a financial system should work for everyone, not just the people who can afford it. We help people take control of their money and get to a better financial place.
Our goal is not only to provide great products at little or no cost to the people who need them but also to inspire kindness across the financial world and eventually across all industries.
Location: United States, California, Palo Alto
Employees: 201-500
Total raised: $125M
Founded date: 2012
Investors 11
Show more
Funding Rounds 1
| Date | Series | Amount | Investors |
| 20.12.2018 | Series C | $125M | - |
Mentions in press and media 27
| Date | Title | Description |
| 10.10.2024 | EarnIn’s ‘Balance Shield’ Helps Customers Protect Their Bank Balance Regardless of Where They Bank, Enabling Working Americans to Avoid the Surprise of Overdraft Fees | Making it easier to stay on-track, Balance Shield provides real-time, customizable low balance alerts and transfers using their own pay, helping customers take control of – and stress less – about their finances. PALO ALTO, Calif.–(BUSINESS... |
| 18.07.2024 | Agency says apps that let workers access paychecks before payday are providing loans | - |
| 08.07.2024 | LockBit’s latest attack shows why fintech needs more zero trust | We want to hear from you! Take our quick AI survey and share your insights on the current state of AI, how you’re implementing it, and what you expect to see in the future. Learn More Claiming to have breached the U.S. Treasury and instead ... |
| 27.04.2023 | 15 Actionable Tips To Improve Your Credit Score | getty |
| 26.02.2023 | Sequoia and Andreessen Horowitz invested more in fintech than any other sector in 2022 | Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll ... |
| 06.09.2022 | More than 80 New Products to Show at Next Week’s HR Technology Conference & Exposition® | PALM BEACH GARDENS, Fla., Sept. 06, 2022 (GLOBE NEWSWIRE) -- Next week’s HR Technology Conference & Exposition® will serve as the official launchpad for more than 80 new HR tech products. Taking place September 13 – 16, 2022, at Mandala... |
| 03.12.2021 | Earnin in 4 Years by Alexander Gornyi | The post was originally published in Russian on Startup of the Day. Alexander kindly agreed to republish what we think is of great value to our readers. A monstrous 300% a year is at the same time a tiny 0.4% a day. This mathematical illus... |
| 27.09.2021 | Salary on demand: Is it time we finally say goodbye to the payday concept? | Company: Solutions oriented at improving the financial wellbeing of employees look well-poised to become the next multi-billion dollar opportunity in fintech. Globally, numerous startups, corporate benefit providers, banks, payment processo... |
| 16.03.2021 | On-demand pay: is it here to stay? | Millions around the globe depend on regular salaries and plan their budgets based on paydays. But the lockdown has made personal budgeting much more challenging. |
| 11.03.2020 | How 21st century fintech apps have changed the way we handle money | This is not your mother's way of handling finances [Editor's note: Future of Behavioral and Mental Health with BetterHelp, Headspace, Ginger.io, Providence Hospitals, UnitedHealthcare Optum, Khosla Ventures, Oak HC/FT and more has become 3 ... |
Show more