Even secures PayPal investment to develop financial health products

Monday 22 June 2020 14:49 CET | News

PayPal Ventures, Valar Ventures, and Founders Fund have announced a new round of strategic investment in US-based fintech Even.

Even is a technology company dealing with attendance, payroll, and banking systems to create products that address the core components of financial health. By combining on-demand pay (Instapay) with budgeting and savings tools, Even helps users safely resolve cash flow emergencies in the short-term while helping them build financial stability.

Even is offered as an employer benefit to workers through a monthly subscription. So far, the company has raised 500,000 users, and secured a contract with US grocery chain Walmart.

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Keywords: Even, PayPal, Valar Ventures, Founders Fund, US, fintech, investment, banking systems, payroll systems, on demand pay, instapay, budgeting, savings tool, cash flow, Walmart
Categories: Banking & Fintech
Countries: United States
This article is part of category

Banking & Fintech

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