UPDATED 11:00 EDT / JANUARY 10 2019

APPS

Box CEO Aaron Levie invests in financial wellness startup Even

Box Inc. Chief Executive Aaron Levie today is joining financial wellness startup Even Responsible Inc. as an “investor” in a funding round that also sees former Tableau Software Inc. sales executive Kelly Breslin Wright join the company.

Even offers a financial wellness app to corporate customers, so that these can offer its services to their employees free of charge. The Even app integrates with company time and attendance, payroll and banking systems to give employees a fuller picture of their financial health.

With the app, employees can easily create a budget for the week or month ahead so they know they won’t overspend. Users can automatically plan ahead for bills and savings goals, eliminating the work of figuring out how much money is OK to spend.

The app also offers an “Instapay” feature that allows employees to access some of their wages before payday should they face a financial emergency. Any loans dished out are interest-free, meaning it’s less likely employees will fall into the kind of vicious debt cycle that often occurs when relying on expensive payday loan companies.

Even has already teamed up with several major companies to offer its app to their employees, most notably Wal-Mart Stores Inc., which said users can access Instapay up to 26 times per year.

“The opportunity in front of Even to transform financial wellness is massive, and it’s incredibly exciting to see their adoption and uptake by early employers,” Levie said in a statement. “What the team at Even has already accomplished is awesome, and I’m extremely confident in their ability to continue to modernize banking and finance for the digital age.”

Levie’s interest is notable given his prominence, but the more important hire could well be Wright, a former executive vice president of sales at Tableau, who is joining Even’s board of directors.

“Kelly’s experience is a perfect match for where Even is as a company right now,” Jon Schlossberg, the startup’s CEO, said in a statement. “Because of the overwhelmingly positive results from our partnership with Walmart, we are now swimming in inbound interest from Fortune 500 employers, and we need to learn how to swim, quickly. This perfectly maps to Kelly’s role leading sales and field operations at Tableau.”

Even didn’t reveal the size of the new funding round. In July, Even landed a $40 million funding round led by Keith Rabois of Khosla Ventures.

Image: Even

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