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App That Gives Hourly Workers Access to Wages Raises $4.1 Million

An app that gives hourly workers immediate access to their wages — in exchange for tips — has raised $4.1 million in funding from financial technology investor Ribbit Capital and early-stage investor Felicis Ventures. Activehours allows workers to access their pay from their smartphones without waiting two weeks for their paychecks to arrive. It joins a number of other apps with a similar focus, including LendUp, PayDay Loans Genie and Cash Corner.

This article originally appeared on Recode.net.

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