Bank of America Institute (NYSE: BAC), the internal think tank that uses Bank of America’s proprietary data from their 68 million consumer accounts to glean insights into the US economy, has released a report. The update looks into how consumers are faring given the current conditions…. Read More
Moves, the banking app built exclusively for gig workers, today announced a partnership with Astra, the all-in-one platform for faster payments, to offer members real-time transfers using Visa Direct, Visa’s real-time push-to-card payments platform. As the U.S. gig economy continues to grow, there is “a… Read More
Key findings and insights from primary research on the evolution and growth of the gig economy workforce were released by the study’s supporter, PayQuicker, an innovative financial technology firm focused on the global payouts market. The research, conducted by gig economy experts Dr. Robert A. Peterson,… Read More
iiPay, a provider of cloud-based global payroll software solutions, announced the release of the innovative ContractorPay, a new solution designed to support the rapidly growing gig economy. This new offering “will empower multi-national corporations to effortlessly manage payments to their contractors across the globe, alleviating… Read More
Tokio Marine Insurans (Malaysia) Berhad, an insurance company in Malaysia, has partnered with KirimMan, a one-stop logistic solution, and Finology, an Asia-Pacific fintech company that specialises in enabling embedded finance, “to offer affordable insurance products for gig economy workers, with a focus on delivery riders.”… Read More
There’s new regulation requiring individuals using digital payment apps to report their earnings – over $600 – directly to the IRS. This change significantly impacts business owners, side hustlers, and gig economy workers. These individuals must file Form 1099-K, creating an extra step during tax… Read More
Ping, the global payment platform for freelancers and contractors, announced a $15 million seed funding round from key investors “including Y-Combinator, Race Capital, BlockTower, Danhua Capital, Signum Capital and Goat Capital.” The funds from the investment round will “further propel and expand Ping’s platform to… Read More
Atomic, the provider of payroll connectivity is announcing today its partnership with Hydrogen, a Fintech platform that “enables businesses to quickly launch white label debit cards with no coding and one, all-inclusive platform.” By partnering with Atomic, Hydrogen “enables organizations to seamlessly integrate payroll connectivity… Read More
Zimpler, a Fintech company based in Sweden, has partnered with Fintech startup Gigapay in order to offer content creators with a seamless payout management system. Gigapay was reportedly the first to accommodate freelancers without a registered firm and now thanks to their collaboration with Zimpler,… Read More
Moves, an “all-in-one” banking app for gig workers, recently announced that it has closed a $5 million seed funding round “to advance its mission of making the gig economy work for its workers.” Matthew Spoke, CEO of Moves, stated: “The gig economy is surging, yet… Read More
Inflation is rising to record-breaking heights. The most recent reading indicated that inflation hit 8.5% in March – the highest in more than 40 years. Inflationary policies pursued by the current administration, the war in Ukraine, and COVID have combined to create a toxic… Read More
Lean, the financial benefits platform designed for the independent workforce, has announced its partnership with Bay Area taxi platform, Flywheel. Via this partnership, Flywheel taxi drivers will have “access to Lean’s financial benefits for its fleet of drivers, including no-fee instant payouts and access to… Read More
Exabel and Gridwise are partnering to provide Gridwise Analytics for Investors. Exabel, a data and analytics platform for investment teams. Gridwise is said to be the largest and only “first-party ground-truth level dataset on how people and goods are moving across the gig mobility economy.”… Read More
Payfare Inc. (TSX: PAY), a Fintech powering instant payout and digital banking solutions for the gig workforce, recently announced the expansion of its collaboration with Visa (NYSE: V) in the US. After obtaining its Visa Ready for Fintech Enablers certification and expanding its platform with… Read More
Catch, the first and “only” personal payroll and benefits product, announced the launch of free automated income tax routing, “alongside a new brand identity.” With Catch, self-employed people are able to “automatically route their income — for free — setting aside for taxes, retirement, and… Read More
Gigacover, a Singapore-headquartered Fintech firm that offers gig workers with access to employment/worker benefits, has announced that it’s expanding its operations into the Philippines, which has a 1.5 million+ informal workforce. Gigacover provides freelancer workers with special incentives associated with maintaining regular employment. In statements… Read More
Payfare Inc. (TSX: PAY), an established Fintech firm that’s powering instant payout and virtual banking solutions for gig economy workers, is working with Visa (NYSE: V) in order to add Visa SavingsEdge to its platform, “starting with the nationwide DoorDash DasherDirect card program.” As mentioned… Read More
Payfare Inc. (TSX: PAY), a Fintech that’s powering instant payout and digital banking services for contract workers, reveals that it has been issued a Visa Ready certification via the Visa Ready for Fintech Enablers program. The Visa Ready Fintech Enablement program offers partners such as… Read More
Paro has announced a $25 million Series B funding round. The rapidly-growing startup offers businesses with flexible finance solutions through teams of remote finance professionals in order to help them address problems and support their ongoing growth. Paro, a Chicago-based startup “disrupting” the way firms… Read More
Marqeta (NASDAQ: MQ), the global modern card issuing platform, and Payfare (TSX: PAY), a Fintech firm focused on offering instant payout and digital banking services for contract professionals, have formed a new partnership in order to expand the reach of Payfare’s platform to the fast-evolving… Read More
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