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. Key features include 'Cash Out,' 'Early Pay,' and 'Balance Shield,' all designed to enhance personal financial well-being. The platform serves both individual consumers seeking immediate liquidity and businesses aiming to improve their payroll offerings and employee benefits. By focusing on financial wellness, EarnIn provides tools for credit monitoring, savings, and comprehensive financial planning, positioning itself as a vital resource in the evolving landscape of personal finance management.
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 Felicis Ventures, Ribbit Capital, Matrix Partners, and March Capital Partners
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
Felicis Ventures
Felicis Ventures is a venture capital firm based in Menlo Park that invests in early and growth-stage technology companies across sectors like SaaS, AI, and fintech. They are known for leading seed and Series A rounds.
Ribbit Capital
Ribbit Capital is a global venture capital firm focused on disrupting financial services by investing in unique individuals and brands. They actively support entrepreneurs building the future of finance.
Matrix Partners
Matrix Partners is a venture capital firm that specializes in investing in enterprise technology companies with established product-market fit, aiming to scale them into mission-critical global platforms.
What's next for Activehours?
With substantial backing and a clear market need, Activehours (EarnIn) is poised for continued expansion and product development. The recent major strategic investment suggests a focus on scaling operations, enhancing user acquisition, and potentially exploring new service verticals within the fintech space. Future growth will likely involve deepening its integration with payroll systems, expanding its suite of financial wellness tools, and solidifying its position as a leader in earned wage access. Strategic partnerships and further capital infusions may be anticipated as the company aims to capture a larger share of the market and address the evolving financial needs of its user base.
See full Activehours company page
