23 June 2020

PayPal invests in “salary on tap” startup

Written By FinTech Alliance

PayPal invests in “salary on tap” startup

PayPal Ventures has invested in salary drawdown startup Even.

In Brief:

  • Valar Ventures and Founders Fund also invested.

  • Even enables staff to draw down earned income throughout the month.

  • 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.

Read more here.

Up Next ...
19 April 2024

Leeds Building Society partners with Mambu

Mambu to provide core banking system in tech overhaul for Leeds ...

19 April 2024

Mastercard launches virtual card app

Aiming to simplify travel and business expenses.In brief:- HSBC Australia ...

19 April 2024

Wagestream raises £17.5mn

Financial wellbeing app Wagestream has raised £17.5mn in a funding ...

18 April 2024

Checkout.com plans China growth push

Checkout.com is in talks with over 100 merchants in China ...

More in Investment

Uber to back Nigerian start-up Moove in up to $100mn round

26 February 2024

Funding round could push Moove’s market value to $750mn In brief:- ...

Simetrik secures $55mn in Series B to bolster platform globally

26 February 2024

Simetrik is a financial automation platform based in Colombia. In brief:- ...

FinTech startup Pontera raises $60mn

07 December 2023

Pontera, formerly known as FeeX, has successfully secured $60 million ...

FinTech-focused Canapi Ventures raises $750mn

07 December 2023

Fund II represents a 15% increase in funds and a ...

White Papers Investment

Investment vehicles in private markets

17 November 2023

How investment vehicles are revolutionising private markets and bridging the gap in democratisation...

White Papers Investment

The Three-Body Problem: Finding the New Stable Points in Venture Capital

12 June 2023

William Edwards Deming once famously said, “It is not necessary to change. Survival isn’t mandatory....

White Papers Investment

FT Partners Quarterly FinTech Insights

12 June 2023

FT Partners’ FinTech Insights Reports are published on a quarterly basis, along with a comprehensive...

Articles Investment

Innovate Finance on: 2022 Summer Investment Report

19 July 2022

In the first half of 2022 total capital invested in FinTech globally reached $59bn – flat year-on-ye...

There are no Events in this category