CC 04-28-20 #2 Emergency Assistance Funds for Tenants_EARNIN PresentationCC 04-28-20
#2 Emergency Assistance
Funds for Tenants
Presentations
Making Money
Work for People
EARNIN:
ACCESS
YOUR PAY
IN SECONDS
Home Cash Out Tip
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We understand that life happens.
Our earned income access product is non -
recourse which means that if a community
member can’t pay us back, there are no fines,
fees, interest payments, debt collection, or
reports to credit agencies.
Rewards
Get more out of
your money.
Balance Shield
Help avoid overdraft
fees.
Financial Calendar
Plan your bill
payments.
HealthAid
Get savings on
medical bills.
Product suite
Tip Yourself
Save towards
specific goals.
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Earnin is an online financial platform that
empowers workers by giving them the tools to
take control of their finances.
No mandatory fees.
No hidden costs.
No penalties.
Tip what you want.
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Our Impact
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Top 5 reasons members use Earnin
Source: Survey was conducted from December 4, 2019 -December 10, 2019 and had 913 respondents at time of data
retrieval
https://www.nytimes.com/2019/12/12/upshot/eviction -prevention -solutions -government.html .
Many renters who face eviction
owe less than $600, in some cases,
as little as $127
Source: National Benchmark: https://www.bls.gov/bls/news -release/wkyeng.htm#2019 8
Earnin members’ wages grow faster
than the national benchmark
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We’ve found that:
If Earnin members made the same
purchases without Earnin, they would incur
at least $100 million in additional overdraft
fees in a month.
Source: Earnin internal analysis conducted for June 2019 -January 2020
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Average of $120 saved
per month on bills
Health Aid Impact
Average of $35
saved per month
on monthly
plans
There’s no limit on
the number of bills
that can be
submitted. A
member submits
two bills on
average.
Source: Earnin internal data December 2019
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Net Promoter Score against traditional banks
Sources: http://www.temkingroup.com/wp -content/uploads/2017/09/1710_NPSBenchmarkStudy_FINAL.pdf
https://www.consumerfinance.gov/about -us/newsroom/cfpb -finds -small -debit -purchases -lead -to -expensive -overdraft -charges/
Earnin internal survey January 2019
Questions?
For more info, please visit
www.earnin.com