Earnin

Earnin

Earnin is a Palo Alto, California-based mobile banking company giving users access to their pay directly from mobile application.

Earnin is a financial technology company that specializes in creating products and services so that users can access their money as they earn it, instead of waiting for a paycheck.

Product

The company has a mobile application that users can download by entering their phone numbers. Users can access up to $100 per day of money that they've already earned. When the user's paycheck is later directly deposited, Earnin deducts the amount that the user accessed early. Users can choose how much they want to pay in fees for the early access. The app has other features, such as Tip Yourself, which aids users with building their savings and Balance Shield, which alerts users when their bank account balance is low so they can avoid overdraft fees.

Timeline

May 12, 2020
Earnin acquires Tip Yourself.
2012
Earnin was founded.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Earnin funding round, December 2018
125,000,000
December 2018
4 Results
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People

Name
Role
LinkedIn

Alden Seabolt

Employee

Andrew Tweed

Employee

Angela Oliveira

Employee

Angelina Gentili

Employee

David Tran

Employee

Ellen Kwak

Employee

Florencia Resnik

Employee

Jessica Chen Riolfi

Employee

Ji Peng

Employee

Katie Austin

Employee

Lisa Greenawalt

Employee

Melissa Hudson

Employee

Noah Bruegmann

Employee

Ram Palaniappan

Founder

Ramaneek Khanna

Employee

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Jim Dallke
May 12, 2020
AmericanInno
A Silicon Valley-based fintech app that allows workers to access their wages before their paycheck hits their bank account has acquired Chicago startup Tip Yourself.
David Lazarus
November 15, 2019
Los Angeles Times
Perhaps you've seen the commercials for a Silicon Valley company called Earnin, which say you can receive advances on your paycheck for no cost whatsoever (although tips are appreciated).
Kate Clark
Invalid Date
TechCrunch
The fintech company has raised the funds from DST Global, Andreessen Horowitz, Spark Capital, Matrix Partners, March Capital Partners, Coatue Management and Ribbit Capital.

References

Golden logo
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