Gig worker fintech platform MyGigsters raises over $675,000
Gig worker fintech platform MyGigsters raises over $675,000

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MyGigsters, an Australian fintech platform that helps gig economy workers track their income and spending to build financial security, has raised an AUD 1.1 million (USD 675,136) seed round, reports Startup Daily. The platform leverages real-time data on earnings, expenses and work history, alongside advanced analytics, to provide hyper-personalised insights for people to improve their financial well-being.
Founder Benji Elengovan, founder of the platform, said the funding comes at the perfect time as they scale to empower gig platforms and businesses with embedded financial solutions. He describes MyGigsters, as delivering “employee-like” benefits to gig workers and independent contractors.
The startup is preparing to launch its embedded financial services globally, having secured 15 Memorandums of Understanding in multiple countries. Elengovan plans to integrate with gig platforms and marketplaces to offer solutions such as instant payments, early pay access, embedded insurance, benefits, rewards, automated tax management, savings, and compliance.
The funding will accelerate partnerships with clients spanning delivery, healthcare, creative marketplaces, and on-demand services. The fintech launched in 2022 with pre-seed investments from Antler, LaunchVic, Startmate and angel investors. Angels, existing and new, and customers backed MyGigsters for this round on a SAFE note (Simply Agreement for Future Equity). This SAFE note allows investors to fund a startup in exchange for future equity.