Tagged: gig economy

Rapidly Rising Inflation Compelling More People to Enter Gig Economy to Make Ends Meet: Research

Horse and Buggy Gas Station

  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

Financial Benefits Platform Lean Partners with Flywheel, a Bay Area Taxi Platform

Traffic Taxi Street City San Francisco

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

Financial Data Firm Exabel Works with Gridwise to Offer Gig Economy Analytics for Investors

UBER Confirm Black NYSE iPhone X

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

Payments Fintech Payfare Expands Collaboration with Visa in the US

Visa Credit Cards Debit Cards

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, a Benefits Product Provider, Announces Free Personal Payroll for Freelancer Workers

Payroll Payment Paycheck 1940

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

Singapore Insurtech Gigacover to Expand Operations into the Philippines

Asia Singapore

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

Fintech Payfare, which Powers Instant Payout and Digital Banking for Contractors, to Add Visa SavingsEdge

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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, a Fintech Powering Instant Payout and Digital Banking for Contractors, Issued Visa Ready Certification

Canada Money 4

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

Chicago’s Startup Paro, a Provider of On-Demand Financial Expertise, Secures $25M via Series B

Chicago

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

Global Card Issuing Platform Marqeta to Help Expand Reach of Payfare’s Payout Services to Gig Economy Sector

Modern Payments Marqeta

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

Digital Banking Fintech Payfare will Integrate Mastercard Send, Will Offer Real-Time Payments to Gig Workers

Canada Money 3

Payfare (TSX: PAY) reveals that it will be integrating Mastercard Send into its financial technology platform. This should allow the Fintech firm to expand its real-time payment options for the fast-evolving gig economy. Payfare, which powers virtual banking and instant payout solutions for leading on-demand… Read More

80% of Gig Workers Want Greater Flexibility when Getting Paid, Over 70% Want Payments within Same Day: Report

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The team at Branch and Marqeta have a released a Gig Payment Report which covers work and payments in the modern gig economy. The gig economy is transforming the “precedent for work and payments,” the report from Branch and Marqeta reveals. It also mentions that… Read More

Global Digital Banking Fintech Payfare Hires Kamran Haidari as CTO, Braulio Lam as Chief Product Officer

Canada Fintech

Payfare Inc. (TSX: PAY), a global Fintech firm supporting digital banking and instant payment solutions, has hired Kamran Haidari to serve as its Chief Technology Officer and Braulio Lam will be responsible for leading product innovation and development as the firm’s Chief Product Officer. As… Read More

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

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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

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

cash money transfers payments iPhone

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

SEC Proposes Exemption for Securities Compensation for Gig Economy Workers

Securities and Exchange Commission SEC Interior

Somewhat unexpectedly, the Securities and Exchange Commission (SEC) has announced a proposed framework for gig economy workers to receive compensation by the issuance of securities. According to the SEC, the framework provides an exemption from registration for the issuance of compensatory securities by non-reporting issuers,… Read More

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

Statue Canary Row Monterey California

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

B2B Payments Hub, Qolo, Partners with Cross-Border Payments Provider, moneycorp, to Launch FX Payment Solution

Cash Money Fiat Euros Dollars

Qolo, which aims to serve as the B2B payments hub for the “New Economy,” and moneycorp, a foreign exchange and cross-border payments provider, recently announced the launch of an integrated foreign exchange (FX) payment solution. As noted in a release shared with CI: “Global businesses,… Read More

Barcelona’s Fintech Belvo Secures $10 Million in Capital to Recruit 40 New Developers, Will Launch in Sao Paulo, Brazil

barcelona spain

  Barcelona’s Fintech firm Belvo has secured $10 million in capital, in order to recruit between 40-50 new project developers. Belvo is also planning to establish business offices in Sao Paulo, Brazil. Y Combinator-backed Belvo maintains its second major hub and primary market in Mexico… Read More

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

Wirecard

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

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