article thumbnail

Neobank Joust Targets Freelancers With New App

PYMNTS

Feedback indicated that people wanted a “modern, streamlined user experience, ways to quickly visualize their finances, and manage clients, income and payments.” . and by 2027, more than 50 percent of the country’s workforce is anticipated to freelance in some manner, according to 2019 data by Upwork and the Freelancers Union.

Austin 131
article thumbnail

Neobank Joust Raises $2.6M To Improve Freelancer Payments

PYMNTS

“Freelancers require credit and banking products that mirror the user experience of the consumer market but [offer] the product sophistication of the small business market,” said Dave Fields, founder and managing partner of PTB Ventures. Existing financial market infrastructure just isn’t built to provide this bundle.

Payments 143
article thumbnail

Freelancer Payments Turn Traditional Payroll On Its Head

PYMNTS

That figure could rise to 50 percent, it estimates, by 2027. PYMNTS data reveals that this growth could be even faster if one of the biggest challenges of freelancing were addressed: getting paid. working population. It’s not a U.S.-only France and the Netherlands, according to IPSE. ”

Payments 178