PALO ALTO, Calif., Nov. 1, 2017 /PRNewswire/ -- Activehours, the mobile app that gives people access to their pay directly from their smartphones, whenever they need it, has rebranded as Earnin. Earnin users – employees from more than 25,000 companies – are seeing its new name, logo, app and website starting today.
Launched in 2014, Earnin has grown quickly: currently employees from thousands of companies including Starbucks, Apple, and Home Depot use the app. Earnin charges no fee or interest for using the service. Instead, with each transaction users are given the opportunity to pay what they believe is fair.
"We wanted a name that better captured our purpose, in a succinct and memorable way," said Ram Palaniappan, Earnin's founder and CEO. "We think Earnin more clearly communicates the reward our users get from working: their earnings, which we allow them to access without interest or guilt."
More than $1 trillion of pay is held up because of rigid paychecks that only show up every two weeks. While this works well for employers, Americans pay over $100 billion a year in overdraft and late fees. Earnin allows people to have more financial control to pay their bills on time and avoid late and overdraft fees.
In September, Earnin announced a $39 million investment round led by Andreessen Horowitz, along with participation from earlier-stage investors Matrix Partners, Ribbit Capital and March Capital Partners.
To download the free Earnin app and start getting paid as you work, visit:
- Google Play Store: https://play.google.com/store/apps/details?id=com.activehours
- iTunes Store: https://itunes.apple.com/us/app/activehours-unlock-your-pay/id723815926?mt=8
Earnin is the new, faster way to get your paycheck. Unlike traditional, rigid paychecks that only show up every two weeks, Earnin gives you access to your pay as you earn it -- any time, any day, right from your smartphone. Earnin charges no fee or interest for using the service: instead, with each transaction users are given the opportunity to pay what they believe is fair. Launched in 2014, Earnin is driving consumer-empowered finance through mobile technology by breaking open more than $1 trillion held up in America's pay cycle. Current funding partners include Andreessen Horowitz, Matrix Partners, Ribbit Capital, Felicis Ventures, March Capital Partners, Trinity Ventures, Thrive Capital, and Camp One Ventures. For more information please visit www.Earnin.com.