Earned

Earned

About Earned

Simplify's Rating
Why Earned is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Fintech

Financial Services

Healthcare

Company Size

11-50

Company Stage

Series A

Total Funding

$212.1M

Headquarters

New York City, New York

Founded

2021

Overview

Simplify Jobs

Simplify's Take

What believers are saying

  • Earned Wealth secured $200M to expand its platform and services.
  • The acquisition of Thomas Doll enhances their tax planning and retirement services.
  • Growing demand for specialized financial services among medical professionals benefits Earned.

What critics are saying

  • Increased competition from established financial service providers targeting medical professionals.
  • Integration challenges from the acquisition of Thomas Doll may disrupt service delivery.
  • Potential regulatory scrutiny on financial services tailored for specific professions.

What makes Earned unique

  • Earned Wealth focuses exclusively on financial services for medical professionals.
  • The company integrates AI and machine learning for predictive financial analytics.
  • Earned Wealth offers tax-efficient wealth management through a partnership with LifeYield.

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Funding

Total Funding

$212.1M

Above

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$100M
GitHub
$200M
Earned

Benefits

Health Insurance

401(k) Retirement Plan

401(k) Company Match

Company News

Dentistry Today
Jul 12th, 2024
Earned Wealth Secures $200M, Acquires Thomas Doll

Earned Wealth, a financial services firm for medical professionals, announced a $200 million investment led by Summit Partners and Silversmith Capital Partners, with participation from Juxtapose, Hudson Structured Capital Management, and Breyer Capital. The funding will support platform expansion and strategic acquisitions, including the acquisition of Thomas Doll. Earned Wealth serves over 3,000 clients with more than $2 billion in assets under management.

Business Wire
Jul 12th, 2024
Earned Wealth Announces $200 Million Capital Commitment to Redefine Financial Services for Healthcare Professionals

Earned Wealth, a tech-enabled financial services firm focused exclusively on the needs of medical professionals, today announced a $200 million capita

Coverage
Jul 11th, 2024
Earned Wealth raises $200M for expansion

Earned Wealth, a financial services firm for medical professionals, raised $200 million in a funding round led by Summit Partners and Silversmith Capital Partners, with participation from Juxtapose, Hudson Structured Capital Management, and Breyer Capital. The company also announced the acquisition of Thomas Doll, expanding its client base to over 3,000 with $2 billion in assets under management.

PYMNTS
Jul 11th, 2024
Earned Wealth Raises $200M for Expansion

Earned Wealth raised $200 million to expand its financial services platform for doctors, aiming to become a one-stop shop for their personal and professional financial needs. Founded in 2021, the company now manages $2 billion in assets for over 3,000 clients. The new funding will support service expansion and acquisitions, including the recent purchase of Thomas Doll, enhancing their tax planning and retirement services. CEO John Clendening highlighted the mission to transform financial services for healthcare professionals.

Pulse 2.0
Apr 11th, 2023
Earned (Forme Financial) Secures $18 Million To Redefine Wealth Management

Forme Financial announced that it has launched out of beta under the name Earned and it also announced a $12 million Series A funding round led by Hudson Structured Capital Management and Breyer Capital, with meaningful participation from founding partner Juxtapose.

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