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About
Even.com provides financial wellness solutions aimed at improving money management for employees while benefiting employers. The platform offers Earned Wage Access (EWA), allowing employees to access a portion of their earned wages before the traditional payday. This service is integrated into employers' payroll systems, making it easy for employees to use the Even app, which features Instapay for immediate wage access and automatic savings plans. Even.com differentiates itself by focusing on the financial benefits market and offering a subscription model for employers, who pay to provide these services to their employees. The goal is to reduce financial stress among employees, leading to higher satisfaction and retention rates.
Company Stage
Series B
Employees
51-200
Industries
Fintech, Financial Services
Total Funding
$50.6M
Headquarters
Oakland, California
Founded
2014
Simplify's Take
What believers are saying
- Growing popularity of pay-advance apps aligns with Even's core offerings.
- Walmart's acquisition could expand Even's reach in retail ecosystems.
- Increased interest in EWA solutions alleviates financial stress for employees.
What critics are saying
- Walmart's acquisition may lead to strategic shifts misaligned with Even's model.
- Pinwheel's Earnings Stream could intensify competition in the EWA market.
- Rising competition from pay-advance apps may impact Even's market share.
What makes Even unique
- Even offers a proven track record of reducing employee turnover and increasing retention.
- Even's app includes unique features like Instapay and automatic savings plans.
- Even integrates seamlessly with employer payroll systems for easy wage access.
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Benefits
We are Remote Equal: Whether you WFH or can’t wait to get back to our Offices, we’ve invested in ensuring the quality of your experience will be the same.
If you WFH, we will help you get the equipment you need to make it sustainable.
$100/month Health & Wellness stipend for the gym, massages, or whatever makes you feel good.
$500 annual Financial stipend to use for financial planning and getting legal advice.
$5,000 annual Education stipend for your professional development.
Huge variety of Healthcare plans and carriers for Medical, Dental, and Vision insurance to choose from, including plans with FSAs and HSAs.
Short- and Long-Term Disability insurance.
Basic Life insurance.
401(k) with 50% match from Even, up to 6% of your salary.
PTO policies: Unlimited for Salaried employees, and starting at 120 hours of vacation leave, 72 hours of sick and safe leave, and paid holidays for Hourly employees.
Parental Leave: 4.5 months for birthing parents, 3 months for non-birthing parents.
Education: You can take up to 5 days of paid time off each year to attend a course or to work on an individual project related to your stipend.
Sabbatical Leave: You can take 3 months of paid leave after 5 years of working at Even!
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