Articles from EarnIn

EarnIn, a leading earnings management company, today releases, The Impacts of Earned Wage Access: How Giving Workers More Control Over Pay Timing Can Increase Income and Boost Financial Stability, a landmark independent paper providing some of the first causal evidence on the effects of direct-to-consumer earned wage access (EWA) in the United States. The study finds that using EarnIn’s EWA product, Cash Out, increases workers' income by $334 or 11.5 percent per month, offering powerful new insights into how flexible access to earnings can improve financial stability for millions of Americans.

EarnIn, a pioneer in on-demand pay, announced enhanced features of its Balance Shield product, which helps customers avoid the surprise of overdraft fees and late fees on bills. With new customizable low balance alerts and transfers, Balance Shield can help customers feel more secure and confident in managing their day-to-day bank balances.

EarnIn, a pioneer in on-demand pay, announced today the company’s latest appointment of Penelope Talbot-Kelly as its General Manager of B2B sales and solutions. Talbot-Kelly will lead the B2B team in partner acquisition, client management, and partnerships across the country. Her team will focus on supporting employers by addressing the issue of employee financial stress by offering financial wellness solutions.

EarnIn, a pioneer in Earned Wage Access (EWA), or on-demand pay, announced today the launch of $2.99 expedited transfers (also known as Lightning Speed), becoming a leader in low-cost EWA. EarnIn’s new low-cost transfer solution can be available to any US worker with a consistent paycheck. Customers simply need to download the EarnIn app, and forward a qualifying Direct Deposit1 through a virtual account with our partner bank2.

EarnIn, a pioneer in on-demand pay, announced today that the company relieved over $10.6 million in consumer debt through a partnership with ForgiveCo. With American household debt totaling over $17 trillion by the end of Q1 2024, consumers are still facing an uphill battle with high rates of inflation and rising daily costs, and EarnIn is addressing this debt crisis head on. EarnIn’s debt relief impacts multiple sources of debt, primarily credit cards and auto loans, which are two major categories for Georgia residents. On average, Georgia residents hold $6,265 in credit card debt, which puts the state as the eighth highest in terms of personal debt. In terms of auto loans, Georgia has the fourth-highest percentage of loans over 90 days in delinquency, which is 30% higher than the national average.

EarnIn, a pioneer in Earned Wage Access (EWA), announced today that they have alleviated $2.7 million dollars in medical debt for people living in Clark County, Nevada, home to Las Vegas, which holds the fourth largest amount of medical debt in the country. EarnIn has now abolished $22 million dollars of medical debt in total this year alone.

EarnIn, a pioneer in Earned Wage Access (EWA), announced today that they have abolished $22 million in medical debt, now alleviating $5.4 million for people living in Maricopa County, Arizona, home to Phoenix, which holds the fifth largest amount of medical debt in the country.

EarnIn, a pioneer in Earned Wage Access (EWA), announced today that they have abolished $22 million in medical debt, first supporting $13.9 million for people living in Bexar County, Texas, home to San Antonio, which holds the third largest amount of medical debt in the country. Healthcare costs in the United States have been rising for the last several decades, and paying off medical bills has become increasingly difficult for many Americans. Medical expenses are the biggest driver of bankruptcy in the US with two-thirds of bankruptcies citing medical debt as the leading cause. As EarnIn remains steadfast in their mission of making financial momentum accessible to everyone, this partnership was a natural next step for these efforts.

EarnIn, the leader in on-demand access to income, continues to innovate for their customers with their latest product offering, Credit Monitoring. With the launch of Credit Monitoring, EarnIn community members now have free access to their credit score through the EarnIn app.

EarnIn, the leader in on-demand access to income, today announced the continued expansion of the firm’s legal team. Led by David Durant, Nicole Miller and Diana Bergano join as Associate General Counsel and Senior Legal Counsel respectively.

EarnIn, the leader in on-demand access to income, today launched an energetic new brand designed to reflect the ambition of their customers. Based on extensive consumer research and insights, the revitalized brand speaks to those who value the financial flexibility and the opportunities that unlock when people have continuous access to their income. Rebranded from “Earnin” to “EarnIn”, the company’s brand name empowers customers to be “all In” for money that moves at the speed of life.

Earnin, the leader in reimagining the way money moves with a first-of-its-kind financial hub,1 announced it has provided access to over $15 billion in earned wages for its Community Members since the company’s inception in 2013. Earnin has also now facilitated more than 200 million transactions for its Community Members, empowering Americans with short-term liquidity by allowing them to access their pay as they earn it. With over $5 billion in earned wages provided and 70 million transactions in 2022 alone, these two milestones encapsulate a banner year of product development and growth for the company.

Earnin, the leader in building products for a more equitable financial system and a better life for those living paycheck to paycheck, today announced the appointment of David Durant and Simone dos Santos as General Counsel and Associate General Counsel, respectively. In his role, Durant will oversee all aspects of Earnin’s legal, regulatory, and government relations matters, with dos Santos serving as his chief deputy.

Earnin, the leader in building products for a more equitable financial system and a better life for those living paycheck to paycheck, today announced the appointment of Stan Lee as its first Chief Information Security Officer (CISO). With a focus on consumer protection, Lee will manage and adapt Earnin’s security solutions to effectively address growing cybersecurity and mobile risks, further strengthening Earnin’s mission of providing consumers more choices to balance their finances and take control of their money, starting when they earn it.

Earnin, the leader in building products for a more equitable financial system and a better life for those living paycheck to paycheck, today announced that it has been awarded Gold in the 2022 Globee® CEO World Awards for Company of the Year - Fintech. Ram Palaniappan, founder and CEO of Earnin, has also been awarded Gold for CEO of the Year - Fintech.

Earnin, the leading financial well-being platform designed to help people take control of their money, starting when they earn it, today announced that it is now a Member of the Financial Health Network, joining leading-edge financial services, financial technology, and other providers committed to improving financial health for all.

Earnin, the leader in building products for a more equitable financial system and a better life for those living paycheck to paycheck, today announced the appointment of Angela Hung as Head of Research. In her role, Hung will support Earnin in solving the challenge of inequities in the financial system stemming from the traditional two-week pay cycle and contribute to Earnin’s mission of providing consumers more choices to balance their finances and take control of their money, starting when they earn it.

Earnin, the leader in building products for a more equitable financial system and a better life for those living paycheck to paycheck, today announced the appointment of Yair Rivlin as Chief Product Officer and Anne Marie DePaul Haddock as Vice President of People. In their respective roles, Rivlin will focus on scaling Earnin’s robust product roadmap and DePaul Haddock will continue to strengthen the company’s positive, mission-focused culture.

Earnin, the leader in building products for a more equitable financial system and a better life for employees everywhere, today announced its partnership with Valet Living, the only nationally recognized full-service amenities provider to the multifamily housing industry. With the help of Earnin, approximately 8,000 workers at Valet Living will get access to their wages as they earn them in an effort to promote holistic financial wellness.

Earnin, the leader in building products for a more equitable financial system and a better life for those living paycheck to paycheck, today announced the appointment of Ofer Shaked as Chief Technology Officer. In this role, Shaked will focus on optimizing existing Earnin products and innovating advanced products in development.

Earnin, the leader in building products for a more equitable financial system and a better life for everyday people, today announced its partnership with Windsor, a provider of long-term healthcare and rehabilitation services. As part of Earnin’s B2B program, Windsor can offer Earned Wage Access (EWA) benefits immediately to its employees in a unique “Zero Integration” model, with no risk and no funding requirements.

Earnin, the leader in building products for a more equitable financial system and a better life for those living paycheck to paycheck, today announced they have unlocked access to over $10 billion in earnings for their members. The $10 billion milestone was reached via more than 125 million transactions on Cash Out – the company’s core Earned Wage Access (EWA) product.

A prevailing 92% of consumers given Earned Wage Access (EWA), a service that allows you to get paid as you earn, reported it helped them to pay bills on time, avoid overdraft fees and payday loans, and become less dependent on credit cards – empowering them to achieve at least one of their financial goals in 2020. According to a new survey from FTI Consulting, consumers experienced less-stress and increased financial & emotional health with the help of EWA.