Activehours raises $39 million for its new take on cash advances - TechCrunch

Nine months after raising $22 million for its unique take on the cash-advance business, Activehours has gone back to the venture capital well and pulled out another $39 million in financing. Led by Andreessen Horowitz, with participation from the company’s early-stage investors Matrix Partners, Ribbit Capital, and March Capital Partners, Activehours has managed to now raise nearly $65 million since its launch in 2013.

As @dbkhan tweeted, it's really more income smoothing than a cash advance...but tomaytos tomahtos.


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