Earned Wage Access Platform Even Provides More Than $2.5 Billion in On-Demand Pay for Members
Even, an earned wage access platform designed to provide financial stability and flexibility to US employees, announced on Thursday it has provided more than $2.5 billion in on-demand pay for its members. Even reported that on-demand pay helps members cover expenses between paychecks while avoiding overdraft fees, credit card debt, and payday loans.
Even CEO, David Baga, shared more details about the on-demand feature by stating:
“Our on-demand pay helps members with expenses that come up between paychecks — like childcare, groceries, or car repairs — so they can avoid overdraft fees and payday loans. But we also provide powerful and intuitive tools to help people plan, budget, and save.” According to Baga, Even already boasts a high engagement rate among members. On any given week, 90% of its members use Even.”