How We at SteadyPay Are Empowering Gig Workers (Interview with CFI.co)
We at SteadyPay are thrilled to share some exciting insights from our adventures at websummit, starting with a recent article by Capital Finance International (CFI.co), which dives deep into how we're changing the game for gig economy workers.
A Chat with Our Own John Downie
In an enlightening discussion, our very own John Downie opened up about the heart of our mission: income smoothing. We get it, the gig economy can be a rollercoaster. That's why we're here to level out the highs and lows, ensuring you have a steady income, come rain or shine.John explained,
"Our app helps gig workers enjoy regular income, even when work is unpredictable."
Statistics reveal that nearly two in five workers (40%) face ‘persistent income volatility,’ experiencing significant fluctuations in their monthly earnings at least six times a year. This income instability places considerable pressure on households, making it challenging to cover routine expenses and save for the future.
Our Ethical Finance Mantra
We're not just another finance company. Our ethos is all about ethical, interest-free finance. We believe in transparency - no hidden fees, no nasty surprises. Just clarity and support. As CFI.co noted,
"SteadyPay stands out by offering a clear and ethical financial alternative to the gig economy."
Thoughts from our CRO
Viktor Muhhin, our Chief Revenue Officer at SteadyPay, or “Vik,” is an accomplished entrepreneur with extensive experience in scaling businesses fast. In the article, Vik underscores our mission:
“We are dedicated to improving the quality of life for those underserved by traditional financial institutions by offering accessible and user-friendly lending solutions. Throughout our journey, we’ve identified strong demand for our technology and the desire of partners to leverage our expertise, technology, and liquidity to enhance their financial performance, customer loyalty, and overall customer value.”
Growing with You
What excites us most? Growing alongside you! The article highlighted our aim to be a lifetime financial partner for gig workers globally. We're not just here for the short term; we're in it for the long haul, supporting you at every twist and turn of your gig journey.
Your Safety Net
Life's unpredictable, and we understand that more than anyone. That's why we're here to be your safety net. Whether it's reduced shifts or fewer bookings, we've got your back, ensuring your earnings stay consistent.
Final Thoughts
For many young adults grappling with financial challenges due to irregular income patterns and traditional banking obstacles, SteadyPay offers a new lifeline and a pathway to financial independence. Says JD:
“SteadyPay serves as the safety net that today’s workforce truly deserves”.
Check out the full story at CFI.co below!
Dive Deeper: Capital Finance International - SteadyPay Embedded Microfinance Fintech: Safety Net for the Gig Worker