Holistic financial health platform Even announced on Friday it has opened its new office in Raleigh, North Carolina. This news follows the company securing $40 million through its Series B funding round. Founded in 2014, Even describes itself as a mission-driven technology company working to help Americans escape the paycheck-to-paycheck cycle.
Even also reported that its mobile apps instantly budget so that users know how much is “okay to spend,” safely address cash flow issues with Instapay (on-demand access to wages), and help employees automatically save money out of their paycheck before it ever hits their bank balance.
Speaking about the company’s expansion into Raleigh, Quinten Farmer, Co-founder and COO of Even, stated:
“Raleigh has felt like home to me ever since my family moved here when I was young. After leaving NC State to pursue technology entrepreneurship, I’ve always looked for opportunities to return to Raleigh. Even is working to move millions of Americans out of the paycheck to paycheck cycle, and the talent and community in Raleigh will be a significant part of helping us achieve that mission.”
Jason Caplain, General Partner at Bull City Venture Partners, then added:
“The strength and activity of the Raleigh-Durham startup and tech ecosystem continues to grow exponentially. Even choosing Raleigh shows the continued momentum of our region. We look forward to actively helping with their successful expansion here.”