Monday, April 11, 2016

Even Gets $9M For Paycheck Management App

Oakland-based Even, the developer of a mobile app to help workers better manage their paychecks, has raised $9M in an investment round, the company disclosed Monday. The funding came from Valar Ventures, Khosla Ventures, Qualcomm Ventures, Camp One Ventures, BoxGroup, Homebrew Ventures, Henry Kravis and Allen & Co. Even's app uses software to calculate the average paycheck of its users, and automatically banks the excess and loans a user funds from savings to help even out bumps in a paycheck from a FDIC insured account. Even charges $3 a week to help users via the service. More information »