Earnin

lendingpayday loansonline loans

FOUNDING YEAR: 2012
LOCATION: United States
Last Update: 19/01/2021

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About

Join the community and stop waiting weeks for payday. Cash out and get your hard-earned money once youve worked, up to $100/day! For help Tweet @EarninSupport

MEDICI Analysis

Earnin is a real-time payroll disbursement application for salaried individuals which gives them access to the pay they have earned with no interests and fees. The mobile app helps customers to track the number of hours they’ve worked and then request their payment when they want it. All they need is an electronic timesheet and direct deposit. The app also supports individuals who are paid “per task,” such as Uber and Instacart workers. Recently, Earnin was selected for the Forbes Fintech 50 startups list.

Focus

PRODUCTS & SERVICES

The application tracks the earning of the users. They have to provide their employment details and connect their bank accounts to the platform. On arrival of the paycheck, the platform debit backs the amount plus the tip they have chosen to pay, via a direct debit option.

Traction

VALUATION / MARKET CAP:

$800 M in 2018

VALUATION COMMENT:

According to third-party data sources, the company's valuation is at $800 million. (Dec. 2018)

COMPANY TYPE:

For Profit

REVENUE

$10M+ in 2019

REVENUE COMMENT:

The company has $8Million+ monthly revenue

ACTIVE USERS COMMENT:

The platform is being used by workers in 50k companies from across all 50 states in the US. (Feb. 2019)

company provided insights

Acquisitions

ACQUIREE NAME

Tip Yourself

ANNOUNCED DATE

May 2020

PRICE

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company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

172,637

AVERAGE VISITS (6 MONTHS)

200,889.94

MONTHLY VISITS GROWTH

21.85%

VISIT DURATION

3,211

VISIT DURATION GROWTH

3,171.94%

PAGE VIEWS VISIT

2.03

PAGE VIEWS VISIT GROWTH

-4.77%

BOUNCE RATE

75.93%

BOUNCE RATE GROWTH

1.92%

GLOBAL TRAFFIC RANK

226,735

MONTHLY RANK CHANGE

-73,885

MONTHLY RANK GROWTH

-24.58%

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