Oakland based financial health startup raised $40m in Series B funding led by Khosla Ventures.
“Americans lose $240 billion every year to predatory financial services like credit cards, overdraft fees and payday loans. In contrast, Even’s business model is set up so we only profit when our customers do. We charge a flat, predictable monthly subscription, like Netflix,” noted Even CEO Jon Schlossberg. “In exchange, our members get a new set of financial services, built from the ground up to fit into busy people’s lives, so they actually use them — to spend smarter, avoid debt and save money. If people see value in those services and keep using them, we profit; if they don’t, we don’t.”