Gig Wage

About Gig Wage

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.

```xml <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. </problem> <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. </solution> <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 </features> <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. </target_audience> ```

What does Gig Wage do?

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.

Where is Gig Wage located?

Gig Wage is based in Dallas, United States.

When was Gig Wage founded?

Gig Wage was founded in 2014.

How much funding has Gig Wage raised?

Gig Wage has raised $24.7M.

Location
Dallas, United States
Founded
2014
Funding
$24.7M
Employees
19 employees
Investors
Motley Fool VenturesRevolutionTechstars

Gig Wage

10
Relative Traction Score based on online presence metrics compared to companies in the same age group.

Executive Summary

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.

gigwage.com3K+
Founded 2014Dallas, United States

Funding

No specific funding rounds found.

Total Funding

$24.7M

Backed by

TechstarsGreen DotMotley Fool VenturesRevolutionSilicon Valley Bank

Team (15+)

No team information available.

Company Description

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.

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

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.

Sources:

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