Gig Wage is a fintech platform that streamlines the onboarding, management, and payment processes for 1099 contractors through automated W9 capture, 1099 filings, and instant payment options. By simplifying payroll workflows, Gig Wage reduces administrative burdens and accelerates payment cycles, enhancing contractor satisfaction and retention.
Funding
$24.7M 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.
GDSVFounders
Product
Problem
Companies face administrative burdens and complexities when managing and paying 1099 contractors, including onboarding, compliance with tax regulations, and timely payments. Traditional payroll systems are often not optimized for the unique needs of independent contractors, leading to inefficiencies and potential errors.
Solution
Gig Wage is a fintech platform designed to streamline the entire contractor management and payment process. The platform automates W9 collection and 1099 filings to ensure compliance, while also offering contractors flexible payment options, including instant payments and direct deposit. By simplifying onboarding, automating tax-related tasks, and accelerating payment cycles, Gig Wage reduces administrative overhead and improves the overall contractor experience. The platform offers multiple integration options, including a web app, embedded platform, and API, to adapt to various business needs.
Target Audience
Gig Wage primarily serves businesses that engage 1099 contractors, including those in the gig economy, staffing agencies, and companies with large contractor workforces.
Features
- Automated W9 capture and 1099 filings for simplified tax compliance
- Instant payment options and direct deposit for faster contractor payouts
- Scheduled payments to automate payments based on project timelines or recurring schedules
- Contractor wallet for easy access and management of payments
- Background checks and ID verification to prioritize safety and security
- Contractor perks to promote health, wellness, and tax savings
- Web app, embedded platform, and API integration options for flexible deployment