What sort of Silicon Valley startup is attempting to rebrand loans that are payday

What sort of Silicon Valley startup is attempting to rebrand loans that are payday

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As soon as every few weeks, Myra Haq withdraws $100 or more from Earnin, an app that lets people borrow little sums of income. “I started utilizing Earnin once I had been a wage that is minimum and so I could pay money for things like the bus to your workplace and food,” Haq said. Now that she’s no further an intern making minimum wage — she currently works as being a nanny, handles a children’s clothing company’s social networking records, and sells clothing online — she still sporadically discovers by herself requiring more money for doctor appointments or any other unplanned costs, and that is where Earnin will come in.

Earnin understands exactly just how Haq that is much makes how frequently she works; it figures out of the latter by monitoring her location to see whenever she actually is or isn’t at the job, though Earnin does not share this location information with 3rd events. Continue reading “What sort of Silicon Valley startup is attempting to rebrand loans that are payday”