Coverr Secures $1 Million Annual Funding Capacity For Gig Economy Worker Cash Advances
09/23/21, 1:05 PM
COVERR, whose mission is to empower gig workers to achieve their greatest earning potential, today announced it is launching nationally with the goal of becoming the most trusted and reliable financial partner for gig workers. Using traditional and alternative data to predict future earning potential, COVERR provides cash advances customized for gig workers. A recently closed debt facility, comprised of capital contributions from high net worth individuals from major US and international banks, top law firms and DoorDash has put COVERR in a position to provide $1 million in cash advances to gig economy workers.
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Founded in 2020, COVERR provides business financing to gig economy workers, initially focusing on drivers, who have historically been underserved by traditional financial services organizations. COVERR uses traditional and alternative data to predict future earning potential and works closely with its customers to create customized payments forecast schedules so they are not overburdened. COVERR's mission is to empower gig workers to achieve their greatest earning potential. To learn more, visit www.getcoverr.com or email hello@getcoverr.com.