SteadyPay, a UK based FinTech that aims to support workers in the gig economy, has just raised $5mn.
In Brief:
SteadyPay is a subscription service that aims to help gig workers improve their financial stability.
The Series A round was led by Digital Horizon.
It also included Ascension Ventures’ Fair By Design Fund, the Government’s Future Fund and a variety of angel investors.
What does this mean?
SteadyPay works by a weekly subscription, using financial data in real-time to help workers’ bank accounts be topped up when their earnings fall. This can then be paid back in interest-free installments.
