Earnin

About

Earnin gives people access to their pay directly from their smartphones, whenever they need it

Palo Alto,California,United States
101 - 250
https://www.earnin.com

Highlights

Details

Last Funding Type: Series C
Last Funding Money Raised: $125M
Industries: Employee Benefits,Financial Services,FinTech,Mobile Payments
Founded date: Jan 1, 2012
Number Of Employee: 101 - 250
Operating Status: Active
Legal Name: Activehours, Inc.

Earnin is the new, faster way to get your paycheck. Unlike traditional, rigid paychecks that only show up every two weeks, Earnin gives you access to your pay as you earn it -- any time, any day, right from your smartphone. Earnin charges no fee or interest for using the service: instead, with each transaction users are given the opportunity to pay what they believe is fair. Launched in 2014, Earnin is driving consumer-empowered finance through mobile technology by breaking open more than $1 trillion held up in America's pay cycle. Current funding partners include Andreessen Horowitz, Matrix Partners, Ribbit Capital, Felicis Ventures, March Capital Partners, Trinity Ventures, Thrive Capital, and Camp One Ventures. For more information please visit www.Earnin.com.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

4

$190.09M

Earnin has raised a total of $190.09M in funding over 2 rounds. Their latest funding was raised on Dec 20, 2018 from a Series C round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Dec 20, 2018	Series C	$125M	7	Andreessen Horowitz DST Global Spark Capital	—	Detail
Sep 21, 2017	Series B	$39M	4	Andreessen Horowitz	—	Detail
Jan 9, 2017	Series A	$22M	3	Matrix Partners	—	Detail
Jul 23, 2014	Seed	$4.09M	5	Felicis Ventures	—	Detail

Investors

Number of Lead Investors

Number of Investors

6

12

Earnin is funded by 12 investors. Andreessen Horowitz and DST Global are the most recent investors.

Investor Name	Lead Investor	Funding Round
Andreessen Horowitz	Yes	Series C
DST Global	Yes	Series C
Spark Capital	Yes	Series C
Coatue	—	Series C
March Capital	—	Series C
Matrix Partners	—	Series C
Ribbit Capital	—	Series C
Felicis Ventures	—	Series A
Camp One Ventures	—	Seed
Errol Damelin	—	Seed