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How Silicon Valley put a friendly face on payday lending

17 Mar 2020

Earnin, Dave, and a slew of other fintech startups claim to address the needs of lower-income Americans by offering them early access to their wages. But in Silicon Valley, as in Vegas, the house always wins.

Qwatasia has a full-time job as a fraud analyst in Dallas, where she works the third shift—5 p.m. to 2 a.m.—Monday through Friday. But she finds it difficult to live on her salary. Sometimes, she’s short on rent as she waits for her next paycheck to hit.

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This content was originally published by Fast Company. Original publishers retain all rights. It appears here for a limited time before automated archiving. By Fast Company

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