Mitsubishi UFJ Financial Group (MUFG) has closed a $75 million senior secured revolving credit facility for EarnIn, a leader in earnings management solutions. This strategic financing will support EarnIn’s expansion and innovative product offerings, including its Live Pay technology, as it addresses growing demand for flexible financial tools.
MUFG provides $75M revolving credit facility to EarnIn for growth.
Financing supports EarnIn’s Live Pay, Early Pay, and Cash Out products.
Live Pay enables workers to stream earnings up to $1,500 per pay period.
EarnIn aims to enhance financial wellness through real-time wage access.
MUFG’s expertise aligns with EarnIn’s vision for financial innovation.
Partnership highlights rising demand for flexible earnings solutions.
MUFG, one of the world’s top financial groups, has structured a $75 million senior secured revolving credit facility as the sole lender for EarnIn. This scalable, cost-effective capital will fuel the growth of EarnIn’s innovative product portfolio, which focuses on empowering workers with flexible access to their earnings. The partnership reflects MUFG’s commitment to supporting companies driving financial innovation.
EarnIn’s product offerings address the evolving needs of modern workers. The flagship Live Pay technology allows employees to stream their earnings in real time, up to $1,500 per pay period. Early Pay provides access to paychecks up to two days early, regardless of banking provider, while Cash Out enables workers to access a portion of earned wages before payday. These tools enhance financial flexibility and wellness for millions.
The financing strengthens EarnIn’s ability to meet growing demand for real-time wage access. “This facility gives EarnIn greater flexibility to meet the growing demand for streaming pay,” said Jacopo Lenzi, Chief Financial Officer at EarnIn. “We're grateful for MUFG's partnership in structuring a solution aligned with our long-term vision, and their expertise will help us expand real-time access to earnings for more people.”
MUFG’s leadership also emphasized the strategic alignment. “Our partnership with EarnIn underscores MUFG's strong commitment to delivering financial innovations that meet rising consumer demand and to companies reshaping the future of financial services,” said Arthur Ng, Managing Director in MUFG's Growth and Middle Market Technology team. “We are excited to support EarnIn's continued expansion and mission of improving financial wellness for millions of workers.”
The collaboration between MUFG and EarnIn highlights the increasing importance of flexible financial solutions in today’s workforce. By providing scalable capital, MUFG enables EarnIn to expand its reach and enhance its offerings, aligning with the broader trend of technology-driven financial services that prioritize consumer needs. This partnership positions EarnIn to further its mission of improving financial wellness for workers across the U.S.
MUFG’s $75 million financing marks a significant milestone for EarnIn, enabling the company to scale its innovative earnings management solutions and meet the growing demand for real-time wage access. This partnership sets a strong foundation for continued growth in the fintech sector.
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world's leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,100 locations in more than 50 countries. MUFG has nearly 160,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to be "the world's most trusted financial group" through close collaboration among our operating companies and flexibly respond to all the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG's shares trade on the Tokyo, Nagoya, and New York stock exchanges. MUFG's Americas operations, including its offices in the U.S., Latin America, and Canada, are primarily organized under MUFG Bank, Ltd. and subsidiaries, and are focused on Global Corporate and Investment Banking, Japanese Corporate Banking, and Global Markets. MUFG is one of the largest foreign banking organizations in the Americas.
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