$180-210k
Plus equity
Loan payment automation service
Job no longer available
Loan payment automation service
21-100 employees
Job no longer available
$180-210k
Plus equity
21-100 employees
To create a financial system that works for everyone by transforming the loan payments ecosystem into a key driver for achieving financial wellness.
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To create a financial system that works for everyone by transforming the loan payments ecosystem into a key driver for achieving financial wellness.
9% employee growth in 12 months
Missed loan payments can mean big charges for credit card users, with credit card late fees costing Americans $3 billion every year. EarnUp is a platform that links to the bank accounts of its customers and uses predictive analytics to make automatic micropayments towards debts such as mortgages, credit cards, and student loans when money is available to use.
The platform can benefit both borrowers and loan services. The company reports that borrowers save an average of $22,000 in interest over a mortgage lifespan and $4,000 on student loans, while loan services save time and costs in tackling late or missed payments.
EarnUp now manages billions of dollars worth of loans on the platform, and has invested its latest funding in expanding its reinvention of payment and data flows for the mortgage industry. At a time when more and more consumers are turning to cutting-edge tech solutions for their money management needs, there should certainly be room for EarnUp to further expand in the coming years.
Freddie
Company Specialist
Mar 2022
$31m
SERIES C
Feb 2021
$25m
SERIES B
This company has top investors
Founders
Nadim Homsany
(CEO)Previously a consultant at McKinsey & Company for 4 years and VP at Serent Capital.
Matthew Cooper
(President)Previously a Consultant at McKinsey & Company, Private Equity Investor at NCB Capital, and Investor at Clearlake Capital Group.
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