Wingspan is a financial technology platform that automates the contractor lifecycle, including onboarding, invoicing, payments, and 1099 compliance, to streamline operations for businesses that rely on contingent workers. By simplifying these processes, Wingspan helps companies save time, reduce compliance risks, and enhance contractor satisfaction.
Funding
$29.4M 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.
Founders
Product
Problem
Businesses that rely on contractors often face challenges with manual processes for onboarding, invoicing, payments, and tax compliance, leading to administrative overhead and potential compliance risks. Managing these tasks across multiple systems can be time-consuming and error-prone.
Solution
Wingspan is a financial technology platform designed to automate the entire contractor lifecycle, streamlining operations for businesses that utilize contingent workers. The platform offers features for contractor onboarding, automated invoicing and payments, 1099 tax compliance, and access to worker benefits. By consolidating these functions into a single platform, Wingspan helps companies save time, reduce compliance risks associated with contractor management, and improve contractor satisfaction through faster and more convenient payments.
Target Audience
Wingspan targets businesses of all sizes that utilize contractors, including virtual staffing solutions, media and marketing companies, social network platforms, and insurance claims adjusting services.
Features
- Automated contractor onboarding with self-service portal and W-9 verification
- Streamlined invoice management with auto-tabulation of contractor pay
- Flexible payment options including card, ACH, and wire transfers
- Automated 1099-NEC form generation, filing, and delivery
- Contractor help desk for tax and benefits questions
- Access to business checking accounts and debit cards for contractors
- Options for contractors to purchase health benefits
- Contractor verification with built-in background checks and eSignature