PALO ALTO, Calif.--(BUSINESS WIRE)--Earnin, the leader in innovative solutions to some of the world’s tougher financial problems, announced today the launch of its first ever Tip Yourself sweepstakes. The $10,000 sweepstakes aims to support community members on their savings journey.
Tip Yourself can help users set financial goals and put money aside, enabling them to achieve targets in a new way. Earnin users can set up a new Tip Jar for different goals, such as a vacation or a car. When users accomplish tasks they are proud of, they can fill their Tip Jars to celebrate and congratulate themselves, while also moving a step closer to their goals. Additionally, users can share why and how they’re setting aside money, which can help encourage the rest of the Earnin community to reach their financial objectives as well.
“People clearly recognize the importance of saving, especially during a global pandemic where people are facing difficult times, but it can be challenging to get started,” said Ram Palaniappan, Founder and CEO of Earnin. “We hope our sweepstakes encourages people across the country to develop an active and consistent savings habit, which will ultimately help them unlock greater financial freedom and flexibility.”
To be eligible for the sweepstakes, you must:
- Have an account on Earnin’s Tip Yourself
- Within Tip Yourself, create a Tip Jar called “4Me”
- Add at least $1 to your “4Me” Tip Jar
The sweepstakes will last four weeks, starting on October 26 and ending on November 23. Earnin will select 100 participants to each receive $100 in their designated “4Me” Tip Jar within the app. By selecting more winners, Earnin aims to help more people achieve overall financial wellness. More information on the sweepstakes can be found here.
Tip Yourself is a 0% Annual Percentage Yield and $0 monthly fee service. Your Tip Yourself Account and any Tip Jars are not Savings Accounts. For more information/details, visit earnin.com/tos.
No purchase necessary to enter or win. A purchase will not increase your chance of winning. VOID WHERE PROHIBITED BY LAW. Must be 18 years of age or older and a legal resident of the 50 U.S./DC. To enter, view Official Rules, and alternate means of entry, visit www.earnin.com. Drawing to be conducted on 11/24/2020. Sweepstakes begins on 10/26/2020 at 12:00:01 a.m. ET and ends 11/23/2020 at 11:59 p.m. ET. Sponsor: Activehours, Inc. (earnin®), 200 Portage Ave, Palo Alto, CA 94306.
Earnin is a community-supported financial platform with a suite of tools that let people take control of their financial future. Earnin started out by solving one of the greatest – and least discussed – inequities in the American financial system: the practice of employers paying workers bi-weekly. Earnin's core product, Cash Out, allows people to access the pay they've already earned. There are no loans or hidden costs. People pay what they choose. Other products include: Balance Shield, which helps prevent overdrafts, a financial calendar that helps people budget and schedule payments, and Health Aid, a service that negotiates unpaid medical bills without charging mandatory fees.
Current funding partners include: Andreessen Horowitz, Matrix Partners, Ribbit Capital, Felicis Ventures and March Capital.