About Earnd
Earnd is a company based in Sydney (Australia) founded in 2018 was acquired by Wagestream in March 2021.. Earnd has raised $60.58 million across 2 funding rounds from investors including Wagestream, National Australia Bank and BlackRock. Earnd operates in a competitive market with competitors including Clair, Wagetap, Beforepay, Wagepay and Boundlss, among others.
- Headquarter Sydney, Australia
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Sectors
HealthcareFinancial Services Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$60.58 M (USD)
in 2 rounds
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Latest Funding Round
$58.08 M (USD), Series C
Apr 01, 2022
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Investors
Wagestream
& 12 more
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Employee Count
Employee Count
- Acquired by
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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 Total Funding
- Total Rounds 2
- Last Round Series C — $58.1M
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First Round
First Round
(10 Mar 2019)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series C - Earnd | Valuation | Smash Capital | |
| Mar, 2019 | Amount | Seed - Earnd | Valuation | National Australia Bank |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm focused on consumer internet, software, and technology companies
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Founded Year | Domain | Location | |
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Multistage venture capital investments are focused on technology sectors.
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Founded Year | Domain | Location | |
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Early-stage startups are funded by Northzone venture capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Earnd
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Earnd
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Earnd Comparisons
Competitors of Earnd
Earnd operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Clair, Wagetap, Beforepay, Wagepay and Boundlss, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Embedded Earned Wage Access solutions are provided for HR platforms.
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| domain | founded_year | HQ Location |
Earned wages are accessed early through an app-based platform.
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| domain | founded_year | HQ Location |
App-based payment solutions for individuals
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| domain | founded_year | HQ Location |
Cloud-based on-demand pay solutions are provided for enterprise employees.
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| domain | founded_year | HQ Location |
Provider of risk assessment platform for health & life insurers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Earnd
Frequently Asked Questions about Earnd
When was Earnd founded?
Earnd was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Earnd located?
Earnd is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Is Earnd a funded company?
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 10, 2019.
What does Earnd do?
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.
Who are Earnd's investors?
Earnd has 13 investors. Key investors include Wagestream, National Australia Bank, BlackRock, Greensill, and Balderton Capital.
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