What is Activehours?
Activehours, now operating as EarnIn, is an innovative financial technology company that empowers individuals by providing on-demand access to their earned wages. This service effectively eliminates the traditional waiting period for payday, offering users greater financial flexibility and control. The platform's core features, including Cash Out, Early Pay, and Balance Shield, are designed to enhance financial well-being. EarnIn serves both individual consumers seeking immediate liquidity and businesses aiming to improve their payroll offerings by providing a more responsive and employee-centric payment solution. The company's focus on financial empowerment positions it as a key player in the evolving fintech landscape.
How much funding has Activehours raised?
Activehours has raised a total of $67.1M across 4 funding rounds:
Angel/Seed
$4.1M
Series A
$22M
Private Equity
$39M
Debt
$2M
Angel/Seed (2014): $4.1M with participation from Ribbit Capital and Felicis Ventures
Series A (2017): $22M led by Ribbit Capital, Matrix Partners, March Capital Partners, and Felicis Ventures
Private Equity (2017): $39M supported by Ribbit Capital, Matrix Partners, March Capital Partners, and Andreesen Horowitz
Debt (2020): $2M featuring PPP
Key Investors in Activehours
Ribbit Capital
Ribbit Capital is a venture capital firm that invests globally in unique individuals and brands aiming to disrupt financial services. They focus on supporting entrepreneurs who are building the future of finance.
Matrix Partners
Matrix Partners is an award-winning firm specializing in pet product strategy, advertising, and public relations. They have a history of creating successful marketing campaigns for numerous consumer and pet product brands.
March Capital Partners
March Capital is a growth-stage venture firm that invests in enterprise technology companies with established product-market fit, aiming to scale them into mission-critical global platforms.
What's next for Activehours?
With its recent strategic investment and a substantial total funding amount, Activehours (EarnIn) is poised for accelerated growth. The company's trajectory suggests a focus on scaling its operations, enhancing its product suite, and potentially expanding into new markets or service verticals. The consistent backing from prominent investors indicates strong confidence in its business model and its capacity to address critical needs in personal finance management. Future developments are likely to center on deepening user engagement and solidifying its position as a leader in earned wage access and broader financial wellness solutions.
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