MUFG has closed a $75 million financing agreement with EarnIn to support the company's growth in earnings management technology, aiming to enhance access to financial wellness for workers.

Target Information

Activehours, Inc., operating under the brand EarnIn, is an innovative earnings management firm focused on transforming how individuals access their pay. The company is dedicated to building a more equitable financial infrastructure for those overlooked by traditional banking systems. EarnIn provides users with the ability to manage their earnings through features such as real-time pay, early paycheck access, and tools for credit building, all without interest or hidden fees.

With a growing portfolio of services geared towards enhancing financial wellness, EarnIn stands out as a leader in the financial technology sector, seeking to empower its users by giving them control over their pay schedules and financial futures.

Industry Overview

In the United States, the fintech industry has seen rapid growth, driven by advances in technology and shifting consumer expectations regarding financial services. Startups and established firms alike are leveraging technology