Gigbanc provides neobanking solutions tailored for Africa's global freelancers and businesses operating in the digital economy. The platform facilitates cross-border payments, multi-currency wallet management, and instant local currency withdrawals. This service enables African talent to securely receive international payments and manage global earnings efficiently.
Funding
$75K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Freelancers and remote workers, particularly in Africa, face challenges in managing international payments, currency conversions, and accessing essential financial services due to geographical limitations and traditional banking systems. Existing financial solutions often impose high transaction fees, unfavorable exchange rates, and delays in accessing funds, hindering their ability to thrive in the global digital economy.
Solution
Gigbanc provides a fintech platform designed to empower global freelancers and businesses with seamless access to financial tools. The platform offers multi-currency wallets that facilitate easy foreign exchange and cross-border transactions. Users can receive and send local and international payments, manage funds in multiple currencies, and make purchases anywhere in the world using multi-currency virtual debit cards. Gigbanc aims to bridge the gap for African talents, connecting them to the global stage by ensuring they are not limited by financial access.
Target Audience
The primary target audience includes African freelancers, remote workers, and digital talents who require efficient solutions for managing international payments and accessing global financial services.
Features
- Multi-currency wallets supporting USD, NGN, GBP, and EUR
- Virtual USD accounts for receiving payments from platforms like PayPal, Upwork, and Fiverr
- Currency exchange services
- Virtual and physical cards for global spending
- Integration with licensed transmitters and chartered banks
- Compliance with FINCEN and SCUML regulations