Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Acumen America places first financial-inclusion investment in EarnUp

San Francisco-based EarnUp provides loan consolidation and repayment support to help Americans living paycheck-to-paycheck manage their debt.

It says it has handled $1 billion in loans since its 2015 launch. Acumen America’s investment into the fintech firm is part of a new, $5 million financial-inclusion initiative backed by MetLife Foundation.

Global impact investor Acumen launched the U.S.-focused Acumen America in 2016 to invest in startups serving the 47 million Americans living in poverty. EarnUp is Acumen America’s fifth investment.

Earlier investments include BehaveCare, a health-services firm for Medicaid patients coping with substance abuse and mental-health disorders and Healthify, a health resources coordination network. It has also backed Everytable, a health food restaurant chain that is testing variable pricing to serve low-income customers and MyVyllage, a provider of affordable child care.

Acumen America’s investment amounts typically range from $100,000 to $700,000.

You might also like...