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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), 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 manage their finances through the Even app. Key features include Instapay for immediate wage access and automatic savings plans to help employees save money effortlessly. Even.com operates on a subscription model where employers pay a fee to offer these financial benefits, which can enhance employee satisfaction and retention by reducing financial stress. The company differentiates itself by focusing on both employee financial management and employer needs, creating a stable workforce.
Company Stage
Acquired
Employees
51-200
Industries
Fintech, Financial Services
Total Funding
$50.6M
Headquarters
N/A
Founded
2014
Simplify's Take
What believers are saying
- Partnerships with major companies like Walmart enhance Even.com's credibility and market reach.
- The platform's features, such as Instapay and automatic savings, provide tangible benefits that can improve employee financial health and reduce stress.
- Recent funding rounds indicate strong investor confidence and potential for further growth and innovation.
What critics are saying
- The competitive landscape of financial wellness apps is crowded, requiring Even.com to continuously innovate to maintain its edge.
- Dependence on employer adoption means that economic downturns or budget cuts could impact subscription revenue.
What makes Even unique
- Even.com focuses on Earned Wage Access (EWA) and financial wellness, setting it apart from traditional payroll services.
- The integration with employer payroll systems allows seamless access to wages and financial management tools, unlike standalone financial apps.
- Even.com’s subscription-based model targets employers, emphasizing employee satisfaction and retention through financial wellness.
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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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