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Gig Wage raised an additional $8.25M in a Series A extension led by Discover and Motley Fool to enhance their payments platform for the gig economy.

Dec 03, 2024•about 1 year ago

Amount Raised

$8.25 Million

Round Type

series a

DallasFintechFinanceFinancial Services

Investors

Revolution’s Rise Of The Rest Seed FundContinental InvestorsFoundry GroupGreen DotChartline Capital PartnersMotley FoolDiscover

Description

Dallas-based Gig Wage has relaunched with new features and successfully raised an additional $8.25 million for its Series A extension, increasing its total funding to $20.2 million. The funding comes from a mix of new and existing investors, including Discover, Motley Fool, and Chartline Capital Partners.

Company Information

Company

Gig Wage

Location

Dallas, Texas, United States

About

Gig Wage is a payments platform exclusively designed for the gig economy, providing a complete fintech infrastructure that simplifies payroll for independent contractors. The company offers tools such as instant payments, tax handling, and health benefits tailored for contractors. Founded in 2014, Gig Wage has paid out nearly $1 billion to almost a million contractors nationwide and experienced significant growth in 2023.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers