MyGigsters provides a white-label platform for marketplaces and businesses engaging independent contractors. The solution automates payment processing, ensures global compliance, and facilitates instant payouts for gig workers. It also integrates embedded financial benefits and rewards to improve worker retention and engagement.
Funding
$1.4M 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.
CMDOLFounders
Product
Problem
Gig workers and independent contractors face challenges in managing payments, taxes, and accessing benefits, while gig platforms and accounting firms struggle with the complexities of administering these processes. This leads to delayed payments, increased administrative burden, and potential compliance issues.
Solution
MyGigsters is a B2B fintech platform that streamlines financial management for the gig economy by automating payment processing, tax management, and benefits administration. The platform offers features such as on-demand pay, automated bookkeeping, and tools for tracking income and expenses. MyGigsters integrates with gig platforms and accounting firms, providing a customizable, white-labeled solution to manage payments, rewards, and taxes. By simplifying these processes, MyGigsters aims to boost gig worker engagement and loyalty, reduce churn for gig platforms, and save time for accounting firms. The platform also ensures compliance with regulatory requirements and offers embedded financial services like insurance and superannuation.
Target Audience
MyGigsters primarily targets gig platforms, on-demand marketplaces, and accounting firms that serve gig workers, independent contractors, and sole traders.
Features
- Automated payment processing with support for global payouts and multiple currencies
- On-demand pay feature for instant access to earnings
- Automated bookkeeping with AI-driven reconciliation and categorization of transactions
- TaxHub and Mileage Tracker for expense tracking, mileage logging, and invoice generation
- Automated onboarding and ID verification for compliance
- Customizable, white-labeled platform for gig platforms and accounting firms
- API integrations with accounting tools like Xero
- Embedded financial services including insurance and superannuation