EarnIn Secures Additional $150 Million Debt Facility
Facility from premier Canadian banking partner diversifies EarnIn’s capital base and demonstrates confidence in
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EarnIn, a leading earnings management and payroll software company, today announced it has secured a $150 million committed warehouse facility from one of Canada’s premier financial institutions. Together with EarnIn’s existing debt investor base, the facility brings the company’s total financing capacity to over $500 million across its institutional lending partners.
“Building a diversified capital base gives us greater flexibility and resiliency as we scale,” said Jacopo Lenzi, Chief Financial Officer at EarnIn. “Adding a major international banking partner strengthens our lender base and lowers our cost of capital, positioning EarnIn for continued growth.”
The debt facility will provide additional capacity to support long-term growth across EarnIn’s entire product portfolio.
About EarnIn
EarnIn is an earnings management company on a mission to build a more equitable financial system for the people traditional finance has left behind. From on-demand earnings and early access to earnings, EarnIn helps customers take control of their money and build momentum — without debt. Through Earn Better by EarnIn and EarnIn Payroll, EarnIn extends that mission to the hiring and payroll process as well. Learn more at earnin.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261002899416/en/
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