EarnUp’s financial wellness platform exceeds $50m transactions in Q1
By Delisha Fernandes
EarnUp, a financial wellness FinTech company, has reached a milestone, helping Americans schedule $43 billion in mortgage, auto, and student loan payments through its Payday-to-Payday program and technology.
“We are seeing an interesting trend gaining momentum among companies, who are now placing emphasis on helping employees achieve a holistic sense of wellness: physical, mental, and now financial,” said Nadim Homsany, co-founder and CEO of EarnUp. “By offering tools that help employees achieve greater financial well-being, businesses are enhancing employee satisfaction and supporting their employee recruitment, DEI, and retention efforts.”
Homsany added “EarnUp proves that in today’s challenging economy, people are interested in cutting-edge tech solutions that offer flexible payment strategies to eliminate undue stress and make budgeting easy. “We now have had more than three million borrowers use the EarnUp platform and have seen borrowers reach out directly to sign up with us when their lender or servicer does not offer our services. In fact, more than a quarter of these direct requests are from customers returning to EarnUp following a refinance or purchase of a new home.”
EarnUp’s suite of products provides an innovative financial wellness program with a digital user experience that enables borrowers to schedule loan payments to sync with their payday and accelerate payments to principal.
It eliminates monthly payment shock and helps borrowers meet their loan obligations with less struggle. It also allows users to build generational wealth by assisting with managing their loan payments and saving thousands of dollars in interest over the life of a loan.
IBSi Daily News Analysis
November 30, 2023
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