Earnin, previously Activehours, was initially launched in 2014 by Ram Palaniappan, a previous professional at the debit bank RushCard.

Earnin, previously Activehours, was initially launched in 2014 by Ram Palaniappan, a previous professional at the debit bank RushCard.

It’s backed by a bevy of high-profile investment capital companies, including Andreessen Horowitz, also it’s among the many brand brand brand new entrants which can be wanting to turn payday into the opportunity for an innovative new variety of business.

Earnin as well as other apps like it are expected to assist employees that have use of constant pay, either through a salaried work or work as a completely independent specialist for on-demand solutions. Users might have difficulty money that is accessing require through old-fashioned means and would like to avoid payday lending solutions, making use of their sky-high rates of interest and balloon re re payments.

Brent Griffis, a 33-year-old administrative associate at Athens Technical university, utilized the application after he saw an advertisement because of it on Hulu.

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