Activehours

Activehours makes money work in a way that’s good for everyone. It is driving consumer-empowered finance by unlocking the more than $1 trillion held up in pay cycles each year. The Company is putting that money into workers’ hands using a streamlined mobile app that allows people to get paid when they want. Customers just track the number of hours they’ve worked, then request their pay when they want it. All they need is an electronic timesheet and direct deposit. The app also supports individuals who are paid “per task,” such as Uber and Instacart workers. Instead of charging set fees or high interest rates, Activehours provides a “pay what you think is fair” service, allowing customers to select an optional tip with each transaction.
Company Growth (employees)
Type
Private
HQ
Palo Alto, US
Founded
2012
Size (employees)
49 (est)+7%
Activehours was founded in 2012 and is headquartered in Palo Alto, US

Key People/Management at Activehours

Ram Palaniappan

Ram Palaniappan

Founder

Activehours Office Locations

Activehours has an office in Palo Alto
Palo Alto, US (HQ)
Waverley St

Activehours Financials and Metrics

Summary Metrics

Founding Date

2012

Total Funding

$65.1 m

Latest funding size

$39 m

Time since last funding

29 days

Investors

Activehours's latest funding round in September 2017 was reported to be $39 m. In total, Activehours has raised $65.1 m

Traffic Overview of Activehours

Activehours Online and Social Media Presence

Activehours News and Updates

Andreessen Horowitz leads $39 mln round for Activehours

Activehours said Sept. 21 that it raised $39 million in funding led by Andreessen Horowitz. Matrix Partners, Ribbit Capital and March Capital Partners also participated. Activehours, of Palo Alto, is a mobile app that lets people access their pay directly from their smartphones.

Activehours raises $39 million for its new take on cash advances

 Nine months after raising $22 million for its unique take on the cash-advance business, Activehours has gone back to the venture capital well and pulled out another $39 million in financing. Led by Andreessen Horowitz, with participation from the company’s early-stage investors Matrix Partners, Rib…

Activehours raises $39 million for its ‘rigid paycheck’ solution

Activehours is trying to provide employees with more liquidity throughout the pay cycle and today announced funding of $39 million for its app. Andreessen Horowitz led the round, with participation from existing investors Matrix Partners, Ribbit Capital, and March Capital Partners. “The rigid payche…

Activehours Company Life and Culture

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