Even

Even

Financial wellness platform for employees

About

Even.com provides financial wellness solutions aimed at improving the financial health of employees while benefiting employers. The platform offers Earned Wage Access (EWA), which allows employees to access a portion of their earned wages before the traditional payday, helping them manage their finances more effectively. The service integrates seamlessly with employers' payroll systems, enabling employees to use the Even app for features like Instapay for immediate wage access and automatic savings plans. Unlike many competitors, Even.com focuses on a subscription model for employers, positioning its service as an investment in employee satisfaction and retention. The goal is to reduce financial stress among employees, leading to a more stable and satisfied workforce.

Company Stage

Series B

Employees

51-200

Industries

Fintech, Financial Services

Total Funding

$50.6M

Headquarters

Oakland, California

Founded

2014


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Simplify's Take

What believers are saying

  • Walmart's acquisition could enhance Even's resources and market reach.
  • The rise of pay-advance apps indicates growing demand for Even's services.
  • Integration with Pinwheel's Earnings Stream could improve Even's EWA service.

What critics are saying

  • Walmart's acquisition may increase competition in the financial wellness space.
  • Pinwheel's Earnings Stream could challenge Even's position in the EWA market.
  • The growing number of pay-advance apps increases competition for Even.

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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