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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.” ....