Activehours Picks Up $22M
Palo Alto-based Activehours, a startup offering up early access to your paycheck via a mobile app, has raised $22M in a funding round. The funding was led by Matrix Partners, and also included March Capital Partners, plus existing investors Ribbit Capital, Felicis Ventures, and others. Activehours is a mobile app which lets users access their pay for hours they have already worked, but haven't been paid for yet, and says it does not charge a fee or interest for the service; the company said instead, it gives users the "opportunity to pay what they believe is fair" for the service. Ram Palaniappan is founder of Activehours.
posted on Tuesday, January 10, 2017 (Link to more information)
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