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4 FinTech Platforms empowering Gig Economy Workers in the USA

By Gloria Mathias

January 13, 2025

  • EarnIn
  • Employee payments
  • Fintech Listicle
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Gig economy, freelancers, fintech news, fintech solutions, Fintech USA, EarnIn, Steady, Lili, Qwil, Fintech Listicle, Employee Payments, Freelancers, Independent employees, The gig economy is booming in the United States, giving millions the freedom to work on their own terms. Yet, managing finances in a world of irregular income can be daunting. To tackle this, FinTech platforms are stepping up with innovative tools that address the specific needs of gig workers. From early pay access to tailored banking solutions, these platforms are redefining financial support for freelancers and independent contractors.

These FinTech platforms are transforming how gig workers in the USA handle their finances. By offering tailored solutions, they ensure that freelancers and contractors can thrive in an ever-evolving economic landscape.

Here are the 4 FinTech platforms leading the way in the USA:

EarnIn is an on-demand pay, that lets you access your money as you earn it. EarnIn revolutionises cash flow management by offering workers early access to their earned wages before payday. With no interest or hidden charges, it helps users bridge financial gaps and avoid unnecessary debt.

SteadyIQ is at the forefront of a technology revolution in public benefit delivery. Its proprietary platform, Income Passport, is a consent-based income verification solution that makes submitting proof of earnings more accessible, efficient, and effortless. Leveraging the power of user-permissioned data, SteadyIQ works with government agencies across the country to streamline benefit applications, reduce administrative burdens, and prevent fraud.

Lili is a banking app designed for freelancers that offers features like real-time expense tracking, tax tools, and financial insights. Lili also provides business banking, bookkeeping, unlimited invoices and payments, and tax preparation tools.

Qwil enables companies and marketplaces to manage their independent contractor workforce easily, streamline payments to over 200 countries, and track compliance—all at a price of $1 per contractor per pay cycle. It empowers freelancers with access to their cash early and does this by advancing amounts earned ahead of the pay cycle. This perk increases both workforce recruitment and retention without any impact on the company or marketplace’s cash flow. Qwil ensures freelancers and contractors get paid on time by advancing payments against unpaid invoices. Its hassle-free process empowers users to manage cash flow without depending on slow payment cycles.

Also read: Global Payments Vendors and Landscape Report Q4 2024

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