Even

Financial wellness platform for employees

Oakland, California, United States

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About Even

Even.com provides financial wellness solutions aimed at improving the financial health of employees while benefiting employers. The platform offers Earned Wage Access (EWA), which allows employees to access a portion of their earned wages before the traditional payday, helping them manage their finances more effectively. The service integrates seamlessly with employers' payroll systems, enabling employees to use the Even app for features like Instapay for immediate wage access and automatic savings plans. Unlike many competitors, Even.com focuses on a subscription model for employers, positioning its service as an investment in employee satisfaction and retention. The goal is to reduce financial stress among employees, leading to a more stable and satisfied workforce.

Oakland, CaliforniaHeadquarters
2014Year Founded
$50.6MTotal Funding
SERIES_BCompany Stage
Fintech, Financial ServicesIndustries
51-200Employees

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!

Risks

Walmart's acquisition may lead to strategic shifts misaligned with Even's mission.
Pinwheel's Earnings Stream could pose a competitive threat to Even.
Increasing competition in the EWA market may impact Even's market share.

Differentiation

Even offers on-demand pay without hidden or predatory fees.
Even integrates with employer payroll systems for seamless wage access.
Even's app includes automatic savings plans to enhance financial wellness.

Upsides

Integration with Walmart could expand Even's user base significantly.
Growing demand for pay-advance apps aligns with Even's core offerings.
Partnership with StanPlus may broaden Even's service offerings into healthcare.

Funding

Total raised$50.58 M
Latest valuation$200.00 M
StageSERIES_B
SERIES B
6/30/2018
$40
$200.00 M
SERIES A
3/31/2016
$9
$45.00 M
SEED
5/31/2015
$2
$7.50 M