Palaniappan: Earnin serves employees across more than 25,000 companies
Ram Palaniappan · a16z Podcast | Fintech for the People · Jan 2, 2019 · at 3:43
Ram Palaniappan is the founder and CEO of Earnin, a fintech company that allows workers to access their earned wages before payday.
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“Today we do it in a far more automated way for employees from over 25,000 companies.”
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More from Ram Palaniappan
Palaniappan: Earnin approves wage access without credit decisions or SSNs
“We don't say no. If you worked, you get your pay. We don't do any of the decisions. We don't ask for social security number. Don't ask for your phone number. Don't ask for your home address.”
Palaniappan: On-demand wage access eliminates overdraft fees and payday loans
“And when I did this, they were paying all their bills on time, no more overdraft fees, no more payday loans, like their life was much, much simpler, just giving them access to the pay that they had already earned.”
Palaniappan: Earnin operates on voluntary user tips without mandatory fees
“Yeah, I mean, so our product, when people hear about it the first time, it's you can get your pay whenever you want, and we don't charge any fees or interest, so we let the users just pay whatever they would like to pay, so it's get your pay whenever you want,…”