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About Even
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$52M
Headquarters
Oakland, California
Founded
2014
Overview
Even.com provides financial wellness solutions aimed at improving money management for employees. 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 through the Even app. Key features include Instapay for immediate wage access and automatic savings plans to help employees save money effortlessly. Even.com differentiates itself by focusing on the financial benefits market and offering a subscription model for employers, which helps enhance employee satisfaction and retention by reducing financial stress. The goal of Even.com is to create a more stable workforce by equipping employees with tools to manage their finances effectively.
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Simplify's Take
What believers are saying
- Increased adoption of EWA solutions boosts demand for Even's services.
- Partnerships with large retailers like Walmart enhance Even's market reach.
- Growing trend of financial wellness tools integration drives demand for Even's platform.
What critics are saying
- Walmart's acquisition may lead to strategic shifts affecting Even's operations.
- Pinwheel's Earnings Stream poses a competitive threat to Even's EWA service.
- Market saturation of pay-advance apps challenges Even's competitive edge.
What makes Even unique
- Even offers a proven track record of reducing employee turnover and increasing retention.
- Even's app includes Instapay, allowing immediate access to earned wages.
- Even integrates its platform into employer payroll systems for seamless financial management.
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Funding
Total Funding
$52M
Meets
Industry Average
Funded Over
3 Rounds
SV Angel
BoxGroupIndustry standards
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!
Company News
Walmart's made some inroads in the space, having bought Even Responsible Finance and One Finance.
Easy Crypto believes that the success of the funding round “demonstrates increasing confidence in the role of cryptocurrency in the financial ecosystem.”
EVEN has raised a $2.2 Million seed round led by CSA partners with participation from a diverse group of investors including gener8tor, VC414, gAngels, Daniel Rotman, Adie Akuffo-Afful, Donte Murry, and Ogo.
With Earnings Stream, fintechs and financial institutions can seamlessly support new products, such as enabling cash flow underwriting and simplifying earned wage access (EWA), to alleviate the financial stress of traditional underwriting and traditional pay periods, ultimately creating a fairer financial system. Pinwheel's up-leveled insights – projected earnings or accrued earnings – are powered by consumer-permissioned, real-time data connectivity. NEW YORK, Sept. 27, 2022 /PRNewswire/ -- Today, Pinwheel, the market-leading provider of income and employment data engineered for next-generation fintech innovation, announced the launch of Pinwheel Earnings Stream. Pinwheel's latest product provides an unprecedented level of persistent, up-to-date historical, current, and projected income data
Hyderabad: Hyderabad-based emergency medical response company StanPlus has announced its partnership with Even, a healthtech company and healthcare provider, to provide emergency medical transportation services.
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About Even
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$52M
Headquarters
Oakland, California
Founded
2014
There are no jobs for Even right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Even