We have come such a long way together. When we first created the app, the community was largely made up of people I knew personally. Today, the Earnin community includes people from more than 50,000 companies from all around the country who are consistently proving one thing; that people genuinely want to help other people.
Each day, we see thousands of customers supporting each other by paying it forward. Notes of gratitude sent through the app now measure in the millions — more than six million to be exact. And our community is growing larger every day.
We are always hearing from customers excited to share their heartwarming stories about how Earnin has changed their lives. In one instance, an Earnin team member had a chance encounter with an airline official who gushed over the app. Since he began using the app earlier in the year, he and his family have been able to pay their bills, save more and even improve their credit. He hopes to one day reach even better financial security.
It’s been humbling to hear how Earnin has helped customers attain their financial goals. After all, it’s not that people can’t keep up with the bills and expenses, it’s that the system was created to hold people down when they are at their most vulnerable. But it doesn’t have to be this way. We can create a system built on generosity instead of greed. We can shape a future where people help each other and companies value people over profits.
Luckily, we’re not the only ones who believe in a better financial future. With unwavering support from all of you, we have attracted the attention of people who can help propel our movement even further. I am incredibly happy to announce that Earnin has raised $125 million from investors who believe in what we stand for.
This is a massive vote of confidence in the company and community. Our goal, from the very start, has been to build a financial system that puts people first and we only want to bring people on board with values that match our own.
This is only the beginning. The community still needs your support. This investment will go into making the product bigger and better, so we can help even more people access their wages. The financial support we receive from our community is still the cornerstone that holds our company together. We are grateful to have every single one of you in our community and look forward to building this movement together in the coming years.
Let’s help each other get to a better place financially.
— Ram Palaniappan
To learn more about our investors, check out our press release.