Even.com

wealthtech-retailpersonal finance management

FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 23/10/2020

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About

Talent is evenly distributed. Opportunity is not. Our company exists to fix that. Our mission is to even the playing field for creating a better life.Our financial wellness platform lets employees get paid on demand, then save for their futures, so employers retain employees and save money.

MEDICI Analysis

Even is a mobile money management platform that allows users to manage bank and credit union accounts. The company focuses on customers who come under the variable income earning segment and helps them to get paid on demand, budget instantly, and save automatically. Recently, Even was selected for the 2019 Forbes Fintech 50 startups list.

Focus

PRODUCTS & SERVICES

It allows the employees of partner companies to get early access to paycheck. The app automatically detects the bills and suggests the amount which has to be paid for the bills. The company offers free services to the employees of partner companies and charges a monthly subscription fee of $2.99 from the users who don't work for the partnered employers.

REVENUE MODEL

The company makes money by charging $2.99 per week for the services.

MAIN CLIENTS

Walmart

Sams Club

Allstate

Nurse Care

Kronos

etc.

Traction

VALUATION / MARKET CAP:

$102 M in 2018

VALUATION COMMENT:

According to third-party data sources, the company's valuation is at $102 million. (July 2018)

REVENUE

$10M+ in 2018

REVENUE COMMENT:

The third-party data news sources reported that the company's estimated revenue is $20 million in 2018.

ACTIVE USERS:

0.4 Million in 2019

ACTIVE USERS COMMENT:

The company's app is using by more over 400k users from more than ten companies, including Walmart, Kronos, etc. (Feb. 2019)

People

FOUNDERS

Quinten Farmer

Jon Schlossberg

Ryan Gomba

Cem Kent

BOARD MEMBERS AND ADVISORS

Andrew McCormack

James Fitzgerald

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Allen & Company

and Valar Ventures.

Bob Jain

BoxGroup

Bull City Venture Partners

Camp One Ventures

David Tisch

Financial Solutions Lab

Founders Fund

Harrison Metal

Homebrew

Keith Rabois

Khosla Ventures

Marc Benioff

Qualcomm Ventures

Red Swan Ventures

Ron Conway

Silicon Valley Bank

Slow Ventures

SV Angel

Valar Ventures

Allen & Company LLC

Socii Capital

Joe Ziemer

KEY EMPLOYEES:

Quinten Farmer

Jon Schlossberg

Jon Schlossberg (CEO); Evan Goldschmidt (CTO); Alex Daifotis (CRO)

Momentum

FUNDED

YES

TOTAL FUNDING

$50.5 M

DATE OF LAST FUNDING

Jun 2020

TOTAL FUNDING COMMENT

The company will use its funds for the expansion of financial services. (July 2018)

SEED & PRIOR FUNDING

$1.5 M

SEED CLOSED ON

Jun 2015

FUNDING SERIES

SERIES A  · $9 M  · Apr 2016

SERIES B  · $40 M  · Jul 2018

SERIES C  · ---  · Jun 2020

LISTED

NO

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