• FOUNDING YEAR: 2013
    LOCATION:
    United States
    REGION:
    CA
    Last Update:
    27 Jun, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Mobile app for payday workers. The platform helps workers to avoid the pitfalls of fees caused by the pay cycle delay.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Major client from Starbucks, Target, Walgreens, Home Depot, Anthropologie, Apple, Uber, Sears and more.
EXISTING PARTNERSHIPS:
Partnered with Sheets, WebPunchClock, Brink Software and many more
COMMENT
Activehours gives users the power to get their pay when they need it by directly transferring money into their bank account.

PEOPLE

FOUNDERS:
Ram Palaniappan
Board Members and Advisors:
Manuel Bronstein, Sundeep Peechu, Meyer Malka
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Camp One Ventures, Ribbit Capital, Felicis Ventures, March Capital Partners, Matrix Partners, Craig Sherman, Manuel Bronstein, Andreessen Horowitz,
KEY EMPLOYEES:
Ram Palaniappan(CEO), Stewart Ellis (CFO), Ramon Icasiano (VP Customer Care),

TRACTION

VALUATION / MARKET CAP:
$146.67 MM in 2017
ACTIVE USERS:
75.0000
COMMENT:
Currently, the platform has enabled by around 12,000 companies(Jan 2017).

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$65.1 Millions
DATE OF LAST FUNDING:
Sep 2017
SEED & PRIOR FUNDING:
$4.1 Millions
SEED CLOSED ON:
Jul 2014
FUNDING SERIES:
SERIES A
$22 Millions Closed: Jan 2017
SERIES B
$39 Millions Closed: Sep 2017
LISTED:
NO

LATEST RESEARCH