Acumen America places first financial-inclusion investment in EarnUp

Jessica Pothering | ImpactAlpha


Inclusive Economy

The investment is Acumen America’s fifth targeting the 47 million Americans living in poverty

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.

Global impact investor Acumen Fund 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.

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Source: Acumen America places first financial-inclusion investment in EarnUp