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SF based money management app and paycheck lender Even has raised $40m of Series B funding led by Khosla. More than 200k Walmart employees in the US use Evens app to manage their finances or access their wages early.
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Schlossberg said he will use the funding to build out the company’s 37-person workforce, with a focus on doubling its engineering staff, and open a new office on the East Coast to serve the app’s nearly 300,000 total users. Even’s product developers are working on a new service that will automatically divert small sums of money into a separate savings account to reach a preset goal.
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