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

FORT LEE, N.J.--(BUSINESS WIRE)--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.

About Cross River

Cross River provides technology infrastructure powering the future of financial services. Leveraging its proprietary real-time banking core, Cross River delivers innovative and scalable embedded payments, cards, lending and crypto solutions to millions of consumers and businesses. Cross River is backed by leading investors and serves the world’s most essential fintech and technology companies. Leading the industry, Cross River is reshaping global finance and financial inclusion. Member FDIC. Find out more at www.crossriver.com.

About EarnIn

EarnIn is an earnings management company on a mission to build a more equitable financial system for the people traditional finance has left behind. From on-demand earnings and early paycheck access to credit-building tools and real-time pay, EarnIn helps customers take control of their money and build momentum — without interest, hidden fees, or credit checks. EarnIn is a financial technology company not a bank. Banking Services are provided by Evolve Bank & Trust or Lead Bank, both member FDIC. The FDIC provides deposit insurance to protect your money in the event of a bank failure. More details about deposit insurance here. The EarnIn Card is issued by Evolve Bank & Trust, pursuant to a license from Visa U.S.A. Inc. Visa is a registered trademark of Visa International Service Association. Learn more at earnin.com.