Keith Rabois Leads $1.5 Million Round For “Even,” An Interest-Free, Cellphone Replacement For Payday Advances

Keith Rabois Leads $1.5 Million Round For “Even,” An Interest-Free, Cellphone Replacement For Payday Advances

A startup whose first item is a mobile cash administration application called also, designed to provide low-income workers interest-free credit to assist them to make ends meet 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 provide hourly, and workers that are generally part-time option to riskier payday advances as well as other financial products where financial obligation substances, which makes it even more complicated to recuperate from life’s curveballs.

Other investors when you look at the round included Homebrew, Kevin Systrom, Mike Krieger, Michelle Wilson (previous basic counsel of Amazon), David Tisch, Adam Rothenberg, Sam Lessin, slowly Ventures, Red Swan, Andrew Fine, Zach Brock, Joe Ziemer, Andrew Kortina (Venmo). (더 보기…)

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