PayPal Ventures has invested in salary drawdown startup Even.
In Brief:
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Valar Ventures and Founders Fund also invested.
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Even enables staff to draw down earned income throughout the month.
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It has around 500,000 users at the moment and works with Walmart.
What does this mean?
Even can be offered by workplaces as an employee benefit with a monthly subscription. The reason this particular salary-on-tap service impressed PayPal was the ability it gives users to budget and save.