More than 200,000 Walmart employees in the U.S. use a new app to manage their finances or access their wages early, and it's not just the hourly workers.
By Matthew Boyle|July 20, 2018 at 01:21 PM
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Walmart Inc.’s employees have adopted money-management from Even Responsible Finance Inc. at a faster pace than anticipated, prompting a fresh round of funding to expand the fintech startup.
More than 200,000 Walmart employees in the U.S. use Even’s app to manage their finances or access their wages early, the Oakland-based startup said in a statement Thursday, and almost half of that group employs it every day. That’s ahead of Even’s projections, prompting interest from other big employers and leading to a $40 million funding round led by Khosla Ventures, the venture-capital firm that also backs grocery-delivery service Instacart and spacecraft maker Rocket Lab.
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