Earnin, previously Activehours, was initially launched in 2014 by Ram Palaniappan, an executive that is former the debit bank RushCard.

It’s backed by a bevy of high-profile investment capital businesses, including Andreessen Horowitz, also it’s one of the most significant brand brand new entrants which can be wanting to turn payday into a chance for a fresh strain of business.

Earnin as well as other apps like it are meant to assist employees who possess usage of pay that is steady either via a salaried task or act as an unbiased specialist for on-demand solutions. Users might have difficulty accessing cash they need through old-fashioned means and wish to avoid payday financing services, using their sky-high rates of interest and balloon re re payments.

Brent Griffis, a 33-year-old administrative associate at Athens Technical university, used the application after he saw an advertisement because of it on Hulu. Read more