Market Overview

With $40M in New Funding, FinTech Startup Even Opens Raleigh-Durham Office

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Durham's own Bull City Venture Partners invested in Series B funding
round

Today, Even announced the selection of Raleigh, North Carolina, as the
site of new offices on the East Coast, joining the startup's Silicon
Valley headquarters in Oakland, CA. In addition to announcing their East
Coast headquarters, Even has added Durham's Bull City Venture Partners
(BCVP) to the list of participating investors in their Series B round of
funding, totaling more than $40M USD. The selection of Raleigh for
Even's new office follows a growing trend among large venture-backed
companies including Raleigh-Durham as part of their expansion.

Quinten Farmer, Co-founder and COO of Even: "Raleigh has felt
like home to me ever since my family moved here when I was young. After
leaving NC State to pursue technology entrepreneurship, I've always
looked for opportunities to return to Raleigh. Even is working to move
millions of Americans out of the paycheck to paycheck cycle, and the
talent and community in Raleigh will be a significant part of helping us
achieve that mission."

70% of Americans live paycheck to paycheck, and the goal of Even's suite
of services is to help people break that cycle and start saving money.
Using a holistic approach to financial health, Even partners with
Fortune 500 companies, integrating with attendance, payroll, and banking
systems to understand and directly impact the overall picture of
employees' financial health. The company's mobile apps instantly budget
so that users know how much is "okay to spend," safely address cash flow
issues with Instapay (on-demand access to wages), and help employees
automatically save money out of their paycheck before it ever hits their
bank balance.

In January 2018, Even announced a relationship with Walmart to offer
financial wellness tools to over 1.4 million Walmart associates
nationwide. More than 15 percent of Walmart's U.S. workforce actively
use Even to track spending habits and manage their personal budgets.
Adoption of Even has proven to be equivalent across both hourly and
salaried Walmart associates.

Jason Caplain, General Partner at Bull City Venture Partners: "The
strength and activity of the Raleigh-Durham startup and tech ecosystem
continues to grow exponentially. Even choosing Raleigh shows the
continued momentum of our region. We look forward to actively helping
with their successful expansion here."

Even is hiring with plans to double its workforce, ramping up customer
operations, engineering, finance and sales, in part to staff its new
offices in Raleigh, North Carolina.

To learn more, visit www.even.com.

About Even

Even is the first holistic financial platform for working people. The
company's technology integrates with attendance, payroll, and banking
systems to create innovative products that address the core components
of financial health. The company was founded by former Instagram and
Google engineers, and is headquartered in Oakland, California.
Additional information at www.even.com.

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