
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 32
Date | Title | Description |
29.01.2025 | Indiana lawmaker seeks regulations for early-wage-access industry | - |
04.12.2024 | Navigating the Cash Advance Landscape: Your Guide to Apps Like Earnin | In a world where financial emergencies can strike like lightning, cash advance apps are the umbrellas we reach for. They offer quick relief when bills pile up or unexpected expenses arise. Among these, Earnin has carved a niche, but it’s no... |
03.12.2024 | Apps Like Earnin for Cash Advances - Top Money Apps with No Credit Check | When unexpected expenses strike, apps like Earnin step in as lifesavers. These platforms provide instant cash advances, making them indispensable for managing short-term financial needs. If you're searching for cash advance apps like Earnin... |
19.11.2024 | The Rise of Alternative Financing in the Gig Economy | The gig economy is a double-edged sword. It offers flexibility and independence but often leaves workers in financial limbo. Traditional banks are like ships anchored in a harbor, unable to navigate the choppy waters of irregular income. Gi... |
18.11.2024 | Exploring Alternative Financing Options for Employees in the Gig Economy | Gig workers face unique financial challenges that traditional banking institutions often fail to address. With irregular income patterns and lack of conventional employment documentation, many find themselves excluded from standard financia... |
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 ... |
Show more