About Earnd
Earnd is a Healthcare company based in Sydney (Australia) founded in 2018, and was acquired by Wagestream in March 2021. Financial wellness program for employees. It operates in the Healthcare, Financial Services, and Technology sectors. Earnd has raised $60.58 million across 2 funding rounds from investors including Wagestream, National Australia Bank and BlackRock. Its focus areas include Enterprise Applications, HRTech, Employee Benefits and Financial Benefits. Its competitors include Wagetap, Beforepay and Wagepay; 3 of its 3 listed competitors have raised funding.
Company details
Earnd is a financial wellness program for employees. The solution allows users to set their salary schedule and access earned pay when they need it. The amount is transferred to the employees bank account and automatically deducted from the payroll. It can be integrated with the existing payroll system of the employer.
- Headquarters Sydney, Australia
- Stage Acquired
- SectorsHealthcareFinancial Services Technology
- Email••••••••
- Phone•••• ••••
- Website earnd.com
- Social LinkedIn X
- Acquired by Wagestream (Mar 2021)
- Total Equity Funding$60.58M (USD)
in 2 rounds
- Latest Funding Round$58.08M (USD), Series C
Apr 2022
- InvestorsWagestream
& 12 more
- Acquired by
Funding Insights of Earnd
Earnd has successfully raised a total of $60.58M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $58.08 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $60.58M
- Total Rounds 2
- Last Round Series C — $58.08M
- First Round $2.5M
(Mar 2019)
- Investors Count 11
All 2 funding rounds of Earnd with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2022 | $58.08M | Series C | – | Smash Capital | |
| Mar 2019 | $2.5M | Seed | – | National Australia Bank |
13 investors in total: 8 institutional and 5 angel.
Investors in Earnd
Earnd has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Wagestream, National Australia Bank and BlackRock.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on consumer internet, software, and technology companies | smashcap.com | Los Angeles, United States | ||
Multistage venture capital investments are focused on technology sectors. | 2000 | balderton.com | London, United Kingdom | |
Early-stage startups are funded by Northzone venture capital. | northzone.com | London, United Kingdom | ||
Diversified investment management firm and private fund focused on debt, equity, and secondary market investments in multiple sectors | 1988 | blackrock.com | New York, United States | |
Fair By Design is focused on eliminating the poverty premium. | fairbydesign.com | London, United Kingdom | ||
Banking and financial services are provided to consumers and businesses. | 1981 | nab.com.au | Melbourne, Australia | |
Working capital loans are provided through financial market mechanisms. | 2011 | greensill.com | London, United Kingdom | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | wagestream.com | London, United Kingdom | |
AS Alvin Singh | Indian angel investor focusing on early-stage tech startups. | unknown_88a066e76ef2409f9 | ||
BT Bosco Tan | Angel investor and co-founder of BetterPlace, focusing on HR tech solutions. | unknown_08bcdfe77a8f403bb |
Investor details for Earnd
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Earnd
4 people are tracked at Earnd (3 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Serge K. | Co-Founder & CTO | Leadership |
Josh Vernon | Co-Founder & CEO | Leadership |
Ali Rosenberg | Global Head of Customer Success | Leadership |
Adam Karpas | Unknown Role | Team |
Complete people profiles for Earnd
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Earnd
5 dated milestones of Earnd across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Earnd is founded.
- Funding First funding round of $2.5M.
- Exit Acquired by Greensill.
- Exit Acquired by Wagestream.
- Funding Latest funding round, Series C, of $58.1M.
Competitors of Earnd
Earnd has 3 listed competitors in our database, 3 of them funded. They include Wagetap, Beforepay and Wagepay.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wagetap.com | 2019 | Sydney, Australia | $125,000 | Earned wages are accessed early through an app-based platform. | ||
| beforepay.com.au | 2019 | Sydney, Australia | $920,019 | App-based payment solutions for individuals | ||
| wagepay.com.au | 2020 | Brisbane, Australia | $10M | Cloud-based on-demand pay solutions are provided for enterprise employees. |
Detailed competitors of Earnd
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Frequently Asked Questions about Earnd
Earnd was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Earnd is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Earnd is a funded company, having raised a total of $60.58M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Mar 2019.
Earnd is a financial wellness program for employees. The solution allows users to set their salary schedule and access earned pay when they need it. The amount is transferred to the employees bank account and automatically deducted from the payroll. It can be integrated with the existing payroll system of the employer.
Earnd has 13 investors. Key investors include Wagestream, National Australia Bank, BlackRock, Greensill, and Balderton Capital.
Yes. Earnd was acquired by Wagestream in March 2021.