Cross River Provides $150 Million Credit Facility to EarnIn to Expand Access to On-Demand Pay

Facility demonstrates Bank’s role as a strategic capital provider and supports EarnIn’s flagship Cash-Out product

FORT LEE, N.J. - Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced it has extended a $150 million senior secured revolving credit facility to Activehours, Inc. d/b/a EarnIn (“EarnIn”), a leading earnings management company. The facility, structured by Cross River’s Principal Finance Group (PFG), delivers scalable, cost-effective capital to help EarnIn meet rising demand for its “Cash Out” product- an earned wage access (“EWA”) solution that enables workers to access a portion of their pay prior to their payday.

Cross River is serving as the sole senior secured lender and administrative agent on the facility. The new structure provides EarnIn with flexible, responsive financing to meet the growing demand for EWA. PFG provides credit facilities and forward flow purchase arrangements to innovative fintech platforms that are solving for gaps in the financial system.

“Our partnership with EarnIn reflects Cross River’s mission to support inclusive, technology-driven financial solutions,” said Rahul Jha, Head of Principal Finance Group. “This facility will help EarnIn scale its impact and empower more Americans with timely access to their earnings.”

EarnIn is reshaping the financial system to put control back in the hands of consumers, offering a smarter, more flexible way to get paid. A pioneer in the EWA space, the company launched Cash Out over a decade ago, giving people access to their earnings when they need them.

“Accessing bank capital at this scale underscores the strength of our business model and the maturity of our platform,” said Jacopo Lenzi, Chief Financial Officer at EarnIn. “Cross River’s deep experience partnering with fintech companies is a key enabler as we expand our impact and deliver affordable, real-time access to earnings for even more people.”

The transaction reinforces Cross River’s position as a strategic capital provider to next-generation financial platforms and advances its mission to promote responsible credit, financial inclusion, and economic empowerment.

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About EarnIn
EarnIn lets you access a portion of your earnings as you earn them – not days or weeks later. The Company is on a mission to reimagine how money moves to empower every person's potential. That starts with payday every day and builds with automated savings tools, credit monitoring, and low-balance alert features; so customers have as many opportunities as possible to spend and save on their terms.

EarnIn's pioneering Earned Wage Access app is backed by world-class partners like A16Z, Matrix Partners, and DST. Since our founding in 2013, 3.8 million customers have given it over 380,000 5-star reviews for helping them access over $15 billion in earnings. Learn more at EarnIn.com.

EarnIn is a financial technology company not a bank. Banking Services are provided by Evolve Bank & Trust, Member FDIC. The FDIC provides deposit insurance to protect your money in the event of a bank failure. More details about deposit insurance here.