Dec. 20, 2018
Earnin, the mobile pay app that lets anyone with a job and bank account get paid instantly, has raised $125 million in Series C financing from a group of investors including DST Global, Andreessen Horowitz, Spark Capital, Matrix Partners, March Capital Partners, Coatue Management and Ribbit Capital, according to a company release.
The a16z Cultural Leadership Fund is also participating as an investor, according to the release.
Earnin, launched in 2014, allows users to instantly get funds they have earned and sent directly to their bank accounts, without traditional fees, loans or hidden costs, according to the release. Users provide voluntary tips based on what they think is a fair price.
The Earnin community includes workers from more than 50,000 employers from every state in the country.
Topics: Mobile Apps, Mobile Banking, Mobile Payments
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