Tagged: gig economy

June 25, 2021 @ 5:54 pm By Omar Faridi  |  

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

June 6, 2021 @ 11:52 pm By Omar Faridi  |  

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

June 4, 2021 @ 1:23 am By Omar Faridi  |  

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

March 21, 2021 @ 8:14 pm By Omar Faridi  |  

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

December 24, 2020 @ 8:58 pm By Omar Faridi  |  

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

November 24, 2020 @ 12:37 pm By JD Alois  |  

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

October 28, 2020 @ 10:43 am By Omar Faridi  |  

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

August 1, 2020 @ 12:30 pm By Omar Faridi  |  

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

May 31, 2020 @ 11:27 pm By Omar Faridi  |  

  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

March 3, 2020 @ 5:39 pm By Omar Faridi  |  

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

February 9, 2020 @ 4:27 am By Omar Faridi  |  

PaySend, a popular UK-established cross-border funds transfer service, has teamed up  with Pakistan’s JS Bank, in order to introduce the “Freelance Wallet” for freelance workers in the $300+ billion economy. Pakistan is notably the world’s fourth fastest-growing global economy for freelancers, with revenues recording an… Read More

January 26, 2020 @ 4:29 pm By Omar Faridi  |  

It seems like there’s some good news finally for freelancers based in Pakistan. Global payments company Payoneer has teamed up with local firm JazzCash, a mobile payment provider, in order to allow Pakistani residents to receive funds from their Payoneer accounts directly into their JazzCash… Read More

December 17, 2019 @ 12:49 am By Omar Faridi  |  

UK-based Portify, a Fintech firm that provides an app and various other financial services to help grow the gig economy and assists other modern, flexible, self-employed professionals in managing their finances, has secured £7 million (appr. $9.3 million) via a Series A investment round. The… Read More

April 16, 2019 @ 7:00 am By Erin Hobey  |  

Spur, a new Employment-as-a-Service (EaaS) platform, raised $8 million in a  Series A funding round led by Third Prime, with participation from Mark Bezos and Blue Ridge Capital Founder John Griffin. Spur also appointed Bezos to its Board of Directors. This investment marks one of the… Read More

January 16, 2017 @ 7:20 pm By Jessica Pham  |  

OFIXU hit its fundraising goal on Seedrs with a goal of about £75,000 (just over $91,000) to build out its sales and marketing teams.  The campaign hit its mark well before its deadline around mid-February. OFIXU calls itself the “Airbnb for workspaces”, allowing commercial office renters to lease… Read More