Tagged: freelancers

Dubai Fintech Mamo Secures $8M via Pre-Series A Round, Will Expand Operations into UAE, Saudi Arabia

Dubai-headquartered Fintech firm Mamo has reportedly secured $8 million through a pre-Series A funding round. Mamo offers a digital wallet and payments platform and has previously raised $1.5 million in order to launch a peer to peer payments app. As mentioned in a release shared… Read More

Mobile Banking Services For US. Freelancers Lili Scores $55 Million Through Series B Round Led By Group 11

  Lili, a U.S.-based mobile banking app specifically for freelancers, announced on Tuesday it secured $55 million through its Series B investment, which was led by Group 11 with participation from Target Global and AltaIR. The investment round brings Lili’s total funding to $80 million. … Read More

Branch, an Employer Payments Platform, and Card Issuance Platform Marqeta Share Latest on Payments Preferences for Gig Workers

Branch, an Employer Payments Platform, and global card issuing platform Marqeta have shared the findings from a study on the work and payments “preferences” of gig workers. Surveying more than 1,000 workers who began engaging in gig and 1099 work during the past six months,… Read More

Garanti BBVA Launches Banking Account Aggregation Service For Businesses, SMEs, & Freelancers

  Garanti BBVA, BBVA’s Turkish unit, announced on Monday the launch of its new bank account aggregation service specifically for businesses, SMEs, and freelancers. According to Garanti, the services allow clients to view the amount debited and credited to their non-BBVA accounts. Garanti did explain… Read More

Payoneer Research Reveals that Gig-Economy has “Bounced Back” Mainly due to Companies Hiring Freelance Workers

Payoneer Inc., the global payment and commerce-enabling platform, has published a blog post in which it argues that freelancing or the gig economy is “here to stay.” Kareen Friedman (from Payoneer), who focuses on the freelance and service providers sector, writes that it should be… Read More

Dayra, an Egyptian Credit Solutions Fintech for Gig Workers, Secures $3M in Funding, Joins Y Combinator

Egyptian Fintech firm Dayra has reportedly joined Y Combinator and has also acquired $3M in pre-seed funding. Dayra is a Cairo-headquartered Fintech company offering modern financial services to the nation’s unbanked gig economy workers and micro-businesses. Darya has reportedly joined Y Combinator’s Winter 21 batch,… Read More

MicroWorkers Integrates with Ontology’s ONTO Digital Wallet to Facilitate Additional Payment Options for Workers

MicroWorkers has integrated Ontology’s ONTO wallet in order to facilitate additional payment options for workers. MicroWorkers’ integration of ONTO wallet completes the latest phase in their joint venture with the Ontology development team. Through the partnership, MicroWorkers plans to continue to promote users’ access to… Read More

European Fintech Startup Nomo, a Business Management Solution Provider for SMEs, Acquires €2.5 Million Investment

Banco Sabadell (BME:SAB), a Spanish multinational financial services company headquartered in Alicante and Barcelona, Spain, has reportedly invested €2.5 million in Nomo, an inhouse incubated initiative that spun out from the banking institution. The startup offers various business management tools for SMEs and sole traders…. Read More

Gig Economy Is Growing Rapidly in Malaysia but More Inclusive Financial Services are Needed, According to Industry Professionals

The gig economy has been growing steadily in Asian countries like Malaysia, particularly at a time when the COVID-19 outbreak is forcing residents to pick up side jobs to supplement their earnings during these uncertain times. Although the gig economy or temp work opportunities are… Read More

California based Banking Platform Green Dot Partners Gig Wage to Offer Financial Tools to Gig Economy Workers

California based banking platform Green Dot is reportedly investing in and teaming up with startup Gig Wage in order to bring key financial tools to gig workers. Green Dot recently led a $7.5 million Series A investment round for Gig Wage. Continental Investors, Techstars, and… Read More

Business Finances Management App Coconut Integrates with Tide, Transferwise, Tesco Bank, Virgin Money

Sam O’Connor, the CEO at Coconut, a company that provides a tool for self-employed individuals that helps them manage their business finances, has confirmed that their platform now connects with Tide, Transferwise, Tesco Bank and Virgin Money. O’Connor noted that they’ve added four more banking… Read More

Indian Fintech Slice, which Helps Millenials with Managing Credit Scores, Acquires $6 Million in Capital via Round led by Japanese VC Firm Gunosy

Slice, a Fintech company that provides various card-based products to young people in India to help manage their credit scores, has secured $6 million in capital via a round led by Japanese venture capital firm, Gunosy. Other investors that took part in the round included… Read More

Mexican Fintech Zenda.la Introduces New Insurance Package for Millennials, Gen Z Freelancers, Acquires Investment from Angel Ventures, Others

Companies from the insurance sector continue to develop products and services for tech-savvy younger clients including millennials and Generation Z consumers. Mexican Fintech firm Zenda.la has introduced an insurance product with pricing that adjusts to each individual consumers’ specific requirements and financial status. Zenda recently… Read More

U.S. Banking App For Freelancers Lili Secures $10 Million Through Seed Funding Round

Lili, a U.S.-based mobile banking app specifically for freelancers, announced on Wednesday it secured $10 million through its seed funding round, which was led by Group 11 with participation from Foundation Capital, AltaIR Capital, Primary Venture Partners, and Torch Capital. Founded in 2018, Lili reported… Read More

Digital Banking: Fintech Firm Oxygen Launches Payments Platform for Freelancers, Gig Economy Workers in the US

Oxygen, a digital banking platform focused on serving freelancers, gig economy workers, and SMEs, has introduced a virtual banking solution that has been built to offer flexible financial services to millions of US professionals who have multiple income streams, contract work, or freelance working arrangements…. Read More

Penta Makes Digital Banking Services to Freelancers

Digital bank Penta announced on Wednesday its services are now available to Freelancers. The company reported it now supports all types of businesses and legal forms. As previously reported, Penta describes itself as a digital platform for business banking that is aimed towards SMEs and… Read More

Pakistani Fintech Firm SadaPay Receives “In-Principle” Approval from Nation’s Central Bank to Faciltate Digital Payments

SadaPay, an Islamabad-based Fintech firm, has reportedly been given in-principle approval by the State Bank of Pakistan, or SBP (the nation’s central bank). for an electronic money institution (EMI) license. SadaPay confirmed that the approval will allow it to provide certain financial services through its… Read More

UK-based Banking Group NatWest’s Online Business Bank, Mettle, to Offer FreeAgent’s Accounting Software for Free

UK-based banking group NatWest‘s online business services bank, Mettle, will be providing free access to FreeAgent’s cloud-powered accounting software The software should help freelancers, sole traders and small and medium-sized enterprises (SMEs) with handling their accounting work. Companies that sign up to connect their FreeAgent… Read More

Wirecard Partners Xolo to Provide “Fully Digital Seamless” Banking for Freelancers and Solopreneurs

Wirecard AG (GER:WDI), a multinational internet tech and financial services provider which is listed on the German stock exchange (DAX) and is headquartered in Aschheim, district of Munich, has teamed up with Estonia-based Xolo, a company that allows entrepreneurs to launch their businesses completely online. … Read More

UK Insurtech Collective Benefits Secures £3.3 Million Through Latest Seed Round

Collective Benefits, a UK-based insurance platform for self-employed workers, has secured a total of 3.3 million through its seed funding round. Founded in 2019, Collective Benefits gives freelancers “the safety net” they deserve. “There are now 6 million self-employed workers in the UK and we… Read More

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