EarnUp Receives $150,000 Grant to Provide Relief Payments to its Loan Customers Impacted by COVID-19

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SAN FRANCISCO, Sept. 15, 2020 /PRNewswire/ — EarnUp, a San Francisco consumer-first financial technology platform that intelligently automates loan payment scheduling, has recently received a $150,000 grant from social-impact investor Acumen America’s COVID-19 Emergency Response Fund┬áto provide emergency relief funds to selected EarnUp customers who were adversely impacted by the COVID-19 crisis.
“We are excited to support EarnUp as they leverage their platform to provide much-needed relief to consumers in response to the financial devastation of the COVID-19 pandemic. We invested in EarnUp because of their commitment to helping low income Americans better manage their debt burdens and achieve greater financial health and stability, and we’re thrilled to support the company’s efforts to lean into this mission and innovate for their consumers during this challenging time,” said Eliza Golden Roady, an Associate Director at Acumen America.
Acumen selected EarnUp for this distribution in support of its mission to help millions of Americans improve their financial wellbeing. EarnUp, which manages more than $10 billion in loan payments, will distribute the grant funds to a subset of its customers who cancelled or suspended the service as a result of financial hardship and inability to make their mortgage payment due to the COVID-19 pandemic. EarnUp is …

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