Even.com

What Even.com does

Even.com, operating commercially as OnePay and legally as One Finance Inc., is a U.S.-based mobile-first fintech platform headquartered in Oakland that delivers earned wage access and a bundled suite of consumer banking products to hourly workers, gig workers, and Walmart-affiliated consumers. The platform's core product is OnePay @Work, an employer-distributed benefit that lets employees request a percentage of net earnings before payday through Instapay, paired with earnings tracking and budgeting tools. Beyond Instapay, OnePay offers Banking and Banking+ accounts (no monthly fees, 3.35% APY savings up to $250,000, fee-free overdraft up to $200), a zero-fee Credit Builder Loan, a CashRewards Card with 3% cashback on Walmart, gas, or dining, plus Invest, Crypto, Pay Later, Wallet, Credit Score, and free tax filing for banking customers. Banking services are provided under a fintech-wrapper model through FDIC-member partner banks Coastal Community Bank and Lead Bank.

The company operates a B2B2C go-to-market that combines employer-embedded distribution (Employers, Gig Platforms, HR Tech partners) with direct-to-consumer app store acquisition and a deep strategic partnership with Walmart, which integrates OnePay's Pay Later, Wallet, and CashRewards Card products into the Walmart ecosystem. Named customers include Spark Drivers, Walmart's gig delivery platform, illustrating the workforce that OnePay's earned wage access targets. Revenue is generated primarily through interchange and transaction fees on the CashRewards Card, optional fees on Instapay instant deposits when an employer has not configured the benefit, credit product economics, and the OnePay Points rewards program.

The company was founded in 2014, has 51–100 employees, and has raised approximately $52 million in disclosed equity funding across rounds led by Khosla Ventures, Valar Ventures, and Qualcomm Ventures, with a 2020 round attracting Goldman Sachs Growth Equity, PayPal Ventures, Founders Fund, and Valar Ventures. Product and geographic footprint remain U.S.-only, with regulatory compliance through NMLS registrations (2273210 for One Finance Inc. and 2460509 for OneProgress Services LLC).

Name

Even.com

Legal name

One Finance Inc.

Website

https://even.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

51–100 employees

Short description

Even.com (operating as OnePay) is a U.S. mobile fintech platform offering earned wage access (Instapay), banking, credit building, rewards, and investing to hourly workers, gig workers, and Walmart-affiliated consumers, distributed via employer partnerships and the Walmart ecosystem.

Ownership category

akta.pro rank

Product category

Digital Banking & Earned Wage Access

NAICS

Credit Card Issuing (522210), Activities Related to Credit Intermediation (5223), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199), Personal Credit Institutions (6141)

akta.pro primary industry

Instant Payouts & Earned Wage Access (EWA) (FSAMAKAM)

akta.pro secondary industries

Embedded Payroll, Earned Wage Access & Benefits Finance (FSAGALAI), Embedded Wallets (Platforms & Marketplaces) (FSAMAEAM), Omnichannel POS Financing (Unified Online + In-Store) (FSAKAFAE)

Keywords

• Earned wage access
• On-demand pay platform
• Mobile banking services
• Employer financial benefits
• Credit builder loans

Headquarters

HQ city

Oakland

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Interchange and Transaction Fees: Revenue generated from the CashRewards Card and other payment cards through interchange fees on each transaction processed.
2. Earned Wage Access Fees: OnePay @Work Instapay is free for employees when employer configures the benefit; a small fee applies for instant deposits when employer has not configured it.
3. Credit Products: Revenue from credit builder loan and other credit products, potentially including interest income or fees.
4. Rewards and Points Program: OnePay Points earned through cashback and rewards programs, redeemable into deposit accounts or other options.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Even.com (operating as OnePay) provides a mobile-first on-demand pay and consumer banking platform that lets employees access earned wages before payday (Instapay) and offers integrated banking, savings, credit building, cashback rewards, investing, and cryptocurrency services. The OnePay @Work product is delivered to employees as a free benefit through employer partnerships, while OnePay Banking and related products are offered directly to consumers via the OnePay mobile app.

Differentiator

Problem solved

Functional benefit

Brands

• OnePay @Work: Employer benefit product that provides employees early access to earned wages through Instapay, along with budgeting and earnings tracking tools.
• OnePay Rewards
• OnePay Banking+
• OnePay CashRewards Card

Products and services

• OnePay @Work Employer-sponsored financial wellness benefit offering employees early access to earned wages through Instapay, earnings tracking, and budgeting tools. Free to employees at partnered employers.
• OnePay Banking Mobile-first consumer bank account offering high-yield savings, fee-free overdraft, early direct deposit, and no monthly fees or minimum balances for individual consumers.
• Credit Builder Loan Zero-fee, zero-interest installment loan designed to help consumers build credit history, available through the OnePay app.
• OnePay CashRewards Card Credit card offering 3% cash back on Walmart, gas, or dining on up to $150 spent each month, with cash back earned as OnePay Points.
• Invest Stock investing product inside the OnePay app enabling consumers to begin investing with as little as $1.
• Crypto Cryptocurrency trading and portfolio tracking functionality within the OnePay app for buying, selling, and tracking crypto.
• Pay Later Flexible pay-later payment solution for purchases at Walmart offered through the OnePay platform.
• Wallet Digital wallet integrated with the Walmart ecosystem that offers rewards for purchases.
• Taxes Free tax filing service offered to consumers who bank through OnePay.
• OnePay @Work for Enterprises (Employers) Enterprise solution for employers offering OnePay @Work as an employee financial wellness benefit to reduce financial stress and improve retention, distributed through HR systems and employer partnerships.

Quantifiable outcome

• Get paid up to 2 days faster with direct deposit
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• WalmartcoreStrategic or Co-development PartnerDeep strategic partnership integrating multiple OnePay products with Walmart ecosystem: Pay Later (flexible payment), Wallet (digital wallet with Walmart rewards), CashRewards Card (3% cashback on Walmart purchases), and free tax filing for customers who bank through OnePay.

Recent moves6 records

Expansion highlights5 records

Direct peers

• Dave Inc. Dave is a direct EWA and digital banking competitor offering ExtraCash (early wage access), budgeting, and a banking platform targeting hourly and gig workers — closely overlapping OnePay @Work's persona and core proposition.
• Earnin: Earnin pioneered the no-fee tip-based earned wage access model and targets the same hourly/gig worker segment as OnePay @Work, with overlapping employer partnerships and consumer fintech positioning.
• MoneyLion: MoneyLion combines Instacash (EWA), RoarMoney banking, credit builder loans, investing, and rewards in a single app — directly comparable to OnePay's multi-product strategy and target demographic.
• Current: Current offers EWA (paycheck advances), fee-free banking, credit builder, and employer-embedded distribution, directly mirroring OnePay @Work's B2B2C employer benefit motion and product mix.
• Chime: Chime is a leading fee-free digital bank with paycheck advance (MyPay), high-yield savings, and a credit builder card — competing with OnePay for the same hourly worker persona and interchange-driven business model.
• Varo Bank: Varo is an FDIC-chartered neobank with fee-free banking, high-yield savings, and credit products, targeting similar underbanked and hourly worker segments as OnePay's consumer banking business.

Broad incumbents

• SoFi Technologies: SoFi is a broad incumbent offering checking/savings, lending, investing, and credit cards, with growing EWA via SoFi Plus. It is comparable as a full-stack digital financial services platform with overlapping product breadth.
• Block (Cash App): Cash App delivers free banking, early direct deposit, debit card rewards, Bitcoin, and investing, competing broadly with OnePay's consumer-facing offerings and pushing into employer-side distribution via Cash App for Business.
• Green Dot Corporation: Green Dot is a major BaaS and prepaid card provider powering banking-as-a-service and fee-free banking products for partners, with overlapping positioning to OnePay's fintech-wrapper model and target demographic.
• PayPal / Honey: PayPal is an existing investor in OnePay and operates Honey, Pay Later, and Venmo — competing with OnePay's pay-later, rewards, and digital wallet products while offering an alternative embedded distribution platform.

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/makethingseven
• YouTubeyoutube.com/@OnePay
• Facebookfacebook.com/joinonepay
• LinkedInlinkedin.com/company/joinonepay
• Instagraminstagram.com/joinonepay

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds6 records

Investors17 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Even.com