Back in September of 2020, our Community Strategist, Katie Austin, sat down with Max Baucus for a Fireside Chat. Baucus has a wealth of experience in politics, serving as the former chair of the Senate Finance Committee, former Obama-appointed Ambassador to China, and former US Senator representing Montana. Listen to his thoughts on Earnin and it’s unique pay-what-you-think-is-fair business model:
“When I first heard about [Earnin], I was kind of surprised and almost confused. But I looked into it, it was explained to me, and I thought it was terrific because it really helps wage-earners, the people living paycheck to paycheck. It’s a good deal because it enables me, as a person, to manage and have more control over my earnings, and I don't have to wait. Sometimes, I can't wait because my rent check is due now, not two weeks from now. And so I thought that made a lot of good sense and it helps a lot of people who really need a little bit of a break. It gives people a sense of self-respect.
Earnin listens to wage-earners. I like that Earnin is setting up a process where I, as a consumer, can have easy access to my earnings. I get my money when I want. This is mine, it's not theirs. It's mine so I should have it so I can pay the bills. It's very simple to me. Frankly, among the various products I've seen in this area and other areas, I cannot think of another that gives the consumer more choice. Consumers want to choose for themselves. Whether you want a tip, that's a choice. How much to tip, that's another choice. With every other product, there ain't no choice. You've got to pay what they charge.”
We’re on a mission to build a new financial system that gives power to the people! Check out our website https://www.earnin.com/ to learn more about who we are and what we do.
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EarnIn is a financial technology company not a bank. Subject to your available earnings, Daily Max and Pay Period Max. EarnIn does not charge interest on Cash Outs. EarnIn does not charge hidden fees for use of its services. Restrictions and/or third party fees may apply. EarnIn services may not be available in all states. For more info visit earnin.com/TOS.