PALO ALTO, Calif.--(BUSINESS WIRE)--Earnin, the leader in innovative solutions to some of the world’s tougher financial problems, today announced that its B2B Program marked a key milestone in May, helping employees at more than 150,000 small businesses with less than 100 employees and another 33,000 businesses with between 100-500 employees. As part of its B2B program, Earnin offers small businesses “self-serve kits,” enabling them to offer Earned Wage Access (EWA) benefits in an innovative “Zero Integration” model. Click here to learn more about Earnin for Businesses.
“Working for a small business gave me growth opportunities, mentors and schedule flexibility that I wouldn’t find at a large company,” said Delaney Anderson, an Earnin community member who worked for a small radio station. “However, I didn’t have the EWA that some of my friends’ employers offered. Earnin allowed me to enjoy the benefits of working for a small business while having the same flexible access to my paycheck that a bigger company could offer.”
Earnin’s small business approach is part of its unique B2B partnership model. For small business employers, Earnin provides immediate EWA benefits with zero integration, no risk and no funding requirements. The program levels the playing field for small companies looking to offer the same set of compelling benefits as larger competitors.
Earnin’s small business kits include:
- Posters and promotional materials
- Guidance for emails and employee communications
- Customer service resources to manage questions about the service
“As we move into May - Small Business Month, we’re proud to celebrate the 30 million small businesses in America. We’re happy that we can help that community improve life for their employees -- reducing financial stress, and assisting with retention and recruitment,” said Ratesh Dhir, Head of B2B at Earnin. “With our new Employer Program, we’re letting small businesses give employees access to their pay, so they can make smart financial decisions and overcome the challenges of mismatched pay-to-bill cycles.”
About Earnin
Earnin is a community-supported financial platform with a suite of tools that let people take control of their financial future. Earnin started out by solving one of the greatest – and least discussed – inequities in the American financial system: the practice of employers paying workers bi-weekly. Earnin's core product, Cash Out, allows people to access the pay they've already earned. There are no loans or hidden costs. People pay what they choose. Other products include: Balance Shield, which helps prevent overdrafts, a financial calendar that helps people budget and schedule payments, and Health Aid, a service that tries to negotiate unpaid medical bills without charging mandatory fees.
Current funding partners include: Andreessen Horowitz, Matrix Partners, Ribbit Capital, Felicis Ventures and March Capital.
