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Empower - About the company

Empower is a series B company based in San Francisco (United States), founded in 2016. It operates as a Financial technology empowering potential with cash advances, credit lines, and credit cards. Empower has raised $174M in funding from investors like DEFY VENTURES, Blisce and Icon Ventures. The company has 167 active competitors, including 10 funded and 11 that have exited. Its top competitors include companies like Earnin, Brigit and Beem.

Company Details

Financial technology empowering potential with cash advances, credit lines, and credit cards. They provide access to cash and credit, considering real-time financial habits beyond traditional credit scores. The company offers cash advances, lines of credit, and credit cards, aiming to say "yes" when traditional lenders might not. They utilize bank linking and alternative data for underwriting, offering personalized offers based on income and expenses. The platform includes features like credit score monitoring, personalized budgeting, and automatic savings. They report payments to credit bureaus to help customers build credit. This is a B2C fintech company offering multiple financial products and services through its app, leveraging technology to expand access to fair credit and promote financial well-being. The business model includes subscription fees and aims to have a social impact by providing financial access to underserved populations. Login and Get Started options are available.
Website
empower.me
Social
XFacebook
Email ID
*****@empower.me
Registered Address
San Francisco, California
Key Metrics
Founded Year
2016
Location
San Francisco, United States
Stage
Series B
Total Funding
$174M in 4 rounds
Latest Funding Round
Ranked
Employee Count
302 as on Mar 31, 2026
Investment & Acquisitions
Similar Companies
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Empower's funding and investors

Empower has raised a total funding of $174M over 4 rounds. Its first funding round was on Sep 19, 2018. Its latest funding round was a Series B round on Sep 06, 2022 for $*****. 5 investors participated in its latest round. Empower has 10 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Empower:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Sep 06, 2022
6143951
Series B
6026018
8483115
3827949
7108156
Sep 06, 2022
7154428
Conventional Debt
4752090
8961672
1644747
Mar 05, 2020
5948012
Series A
7985185
9258787
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Empower's founders and board of directors

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Empower's employee count trend

Empower has 302 employees as of Mar 26. Here is Empower's employee count trend over the years:
Employee count trend for Empower
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Empower's Competitors and alternates

Top competitors of Empower include Earnin, Brigit and Beem. Here is the list of Top 10 competitors of Empower, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Earnin
Earnin
2012, Palo Alto (United States), Series C
Provider of a platform for accessing earned wages and financial tools
$190M
77/100
2nd
Logo for Brigit
Brigit
2017, New York City (United States), Acquired
Mobile application offereing loans
$38M
75/100
3rd
Logo for Beem
Beem
2006, San Francisco (United States), Seed
Cash advance app for emergencies
$7M
63/100
4th
Logo for Wonga
Wonga
2007, London (United Kingdom), Acquired
Provider of short-term and installment loans via an online platform
$158M
61/100
5th
Logo for FloatMe
FloatMe
2018, San Antonio (United States), Series A
Online platform for cash advance loans
$20.2M
55/100
6th
Logo for Klover
Klover
2019, Chicago (United States), Series B
App-based platform for cash advance loans
$89.3M
53/100
7th
Logo for Empower
Empower
2016, San Francisco (United States), Series B
Financial technology empowering potential with cash advances, credit lines, and credit cards
$174M
50/100
8th
Logo for Vola Finance
Vola Finance
2017, Newark (United States), Series A
Developer of an online lending platform
$3.5M
50/100
9th
Online marketplace for cash advance loans
-
-
47/100
10th
Logo for Fig Loans
Fig Loans
2014, Sugar Land (United States), Seed
Offers installment loans as a payday loan alternative
$4.73M
45/100
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Empower's Investments and acquisitions

Empower has made 1 investment in CoRover and acquired Cashalo and Petal.
Here is the list of these investments and acquisitions:
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
Apr 09, 2024
Acquisition
2017
Cabanatuan City (Philippines)
Apr 09, 2024
Acquisition
2016
West Sacramento (United States)
Jul 05, 2021
Investments
2016
Bengaluru (India)
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Reports related to Empower

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News related to Empower

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FAQs about Empower

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