Even, an Oakland, CA- and Raleigh, North Carolina-based provider of a financial app for hourly workers to manage pay, raised $40m in funding.
The round was led by Khosla Ventures, with participation from Valar Ventures, Allen & Company, Harrison Metal, Ron Conway, Silicon Valley Bank, Bull City Venture Partners and others.
The company, which has raised more than $50m to date, intends to use the funds to expand its financial services.
Led by CEO Jon Schlossberg, Even provides a financial platform for working people which integrates with attendance, payroll, and banking systems to understand and directly impact the complete picture of financial health:
– Instantly budgets so users know how much can spend
– solves cash flow problems with Instapay (on-demand access to wages)
– Automatically saves money to make progress towards goals
Founded in 2014, the company has 37 employees.