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Keith Rabois Leads $1.5 Million Round For “Even, ” An Interest-Free, Cellphone Option To Pay Day Loans

A startup whose product that is first a mobile cash administration application called also, built to provide low-income employees interest-free credit to assist them to pay the bills in between paychecks, has raised $1.5 million in a seed round led by Keith Rabois of Khosla Ventures, with involvement off their investors. The solution is intended to supply hourly, and generally speaking part-time employees an alternative to riskier pay day loans along with other borrowing products where financial obligation compounds, rendering it even more complicated to recoup from life’s curveballs.

Other investors within the round included Homebrew, Kevin Systrom, Mike Krieger, Michelle Wilson (previous counsel that is general of), David Tisch, Adam Rothenberg, Sam Lessin, slowly Ventures, Red Swan, Andrew Fine, Zach Brock, Joe Ziemer, Andrew Kortina (Venmo). Pokračování textu Keith Rabois Leads $1.5 Million Round For “Even, ” An Interest-Free, Cellphone Option To Pay Day Loans