Even.com
| Company type | Private |
|---|---|
| Industry | Financial services, Financial technology |
| Founded | 2014 |
| Founder | Jon Schlossberg |
| Headquarters | Oakland, California , United States |
| Products | Payroll and accounting solutions, earned wage access |
| Website | even |
Even is a financial services firm based in the United States, established in 2015 with its headquarters located in Oakland, California. The company provides payroll and accounting solutions, featuring earned wage access as a key offering. Its application determines the average monthly income of hourly employees, enabling advances on wages through a proprietary algorithm while allocating excess earnings into designated savings accounts.
History
Founded in 2014 by Jon Schlossberg alongside other entrepreneurs, Even obtained $1.5 million in seed capital that same year, with investor Keith Rabois leading the round. The app began beta testing in 2015 and was officially launched to the public in January 2016.
In 2017, Walmart collaborated with Even to grant its workforce early access to earned wages. Subsequently, in July 2018, the company secured $40 million during a Series B funding round spearheaded by Rabois.
By 2020, PayPal CEO Dan Schulman revealed a partnership with Even aimed at extending the service to PayPal’s employees. At this point, the application boasted a user base exceeding 500,000.
On March 1, 2021, leadership transitioned as David Baga took over the CEO role from co-founder Jon Schlossberg.
References