EarnIn adds $150M debt facility for wage-access portfolio

EarnIn lets workers move some wages they have already earned into their bank account before payday. The company said on Oct. 5 that it secured a $150 million committed warehouse facility from an unnamed Canadian financial institution, lifting total capacity across institutional lenders above $500 million. The debt is meant to support a portfolio spanning consumer wage access, payroll software and job-search tools.

The core Cash Out product starts with a user connecting bank and work information. EarnIn verifies available earnings, lets the worker choose how much to transfer within its limits and automatically collects the accessed amount when the regular paycheck lands. Standard transfers take one to three business days and carry no required fee; the faster option starts at $3.99.

EarnIn says Cash Out does not charge interest and leaves tips optional. That creates a specific trade-off: users can wait for standard delivery at no charge or pay for speed. The company’s financing is separate from that consumer experience—the warehouse line expands EarnIn’s borrowing capacity, while the announcement does not say the full commitment has been drawn.

The company is also trying to move closer to employers. EarnIn Payroll packages payroll processing with tax and compliance work, workforce management, benefits and earned-wage access. It targets payroll service providers and employers, with web and mobile portals where workers can see paystubs, deductions and pay history.

Earn Better reaches job seekers from another direction. Inside the EarnIn app, users can rebuild a resume, receive job matches, tailor applications and prepare for interviews; EarnIn advertises those tools as free. The facility announcement says the capital is available across the portfolio rather than earmarked for Cash Out or any one newer product.

The financing follows another disclosed facility 13 months ago. Cross River announced a separate $150 million senior secured revolving line for Cash Out in September 2025. This time, EarnIn did not name the lender, interest rate, maturity or current draw; it said the relationship lowers its cost of capital without quantifying the reduction.