Gigable Links Up With Weavr For Instant Gig Worker Payments

Tech Industry

Gig work platform Gigable has partnered with plug-and-play fintech firm Weavr in an effort to make payments quicker for freelancers.

Gigable, an Irish start-up, is a platform for finding and booking flexible workers in sectors like food delivery.

It is oriented towards shift work rather than individual orders but according to chief executive John Ryan, getting payments to workers as quickly as possible remains a pain point.

“The most important thing for freelancers is to get paid quickly and as soon as possible after they finish work and begin to access that money,” Ryan said.

According to a survey conducted by Gigable, more than 23% of workers on the platform use gig work as their main source of income and around 70% carry out gig work to supplement their income. The platform has 34,000 users.

“What Weavr helps us do is build our own payments ecosystem within the platform that allows us to achieve that goal [of quicker payments].”

Weavr, a Tiger Global-backed fintech start-up based in London, develops payments APIs. It is building a payment system that will power Gigable’s instant payments. Ryan said it plans to roll the new system out in early 2023.

“Businesses like Gigable show the world how much of a game-changer embedded finance can be – how value-creating it is to integrate financial services into the digital applications we depend on to live our lives,” Weavr chief executive Alex Mifsud said.

Gigable has existing integrations with Revolut and Stripe for card payments but is looking to move more of its payments to the new Weavr system.

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“We would like all payments to go through banking and that’s what Weavr will enable us to do. All payments on the platform will be via bank transfer,” Ryan said.

Gigable, which recently raised some fresh funding, is active in the UK and Ireland with a particular focus on the former, having recently appointed a UK-based chief revenue officer that is building out a sales team on the ground there.

“We’re looking forward to doing a lot in London and other cities like Manchester and Birmingham for the rest of this year and into next year,” Ryan said, adding that since the reopening of the economy post-Covid it has been able to expand the range of services on its platform beyond delivery.

“Our platform does have wider vertical applications so we’ve been doing security work, steward work, cleaning contractors and delivery, which is still our core business, but it’s great that we’ve been able to get back into those other segments.”

Ryan added that he expects to raise money again next year to finance Gigable’s UK expansion.

“We’re looking to grow quite aggressively in the UK so we will be looking to raise again in the next year.”

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