The rapid growth of the gig economy has pushed the need for emerging financial solutions for millions of gig workers worldwide. Unveel.io is granting access to data, enabling companies such as PayMasta to provide these solutions.
On a macro scale, upward social mobility is one of the many advantages of the Unveel.io model. The new partnership with Nigerian company PayMasta is a great example, as Unveel.io is adding value to their EWA offering and increasing equality for gig workers in the Sub-Saharan region.
PayMasta is enabling an on-demand personal finance wellness solution while aiding in the provision of a safer financial environment for workers. Through the partnership with Unveel.io, they are able to offer gig workers faster access to wages, as well as a more financially secure environment to work in.
Utilizing Unveel.io’s data, PayMasta can also evaluate the actions of fleet managers working within the economy. The accuracy of the income data that Unveel.io provides protects them from debt and exploitation by wrongdoers. The result is more equality and fairness to the underserved workers across the gig economy.
This substantial step, along with the Earned Wage Access that PayMasta provides, is extremely beneficial for gig workers across Africa.
“Earned Wage Access companies are imperative to a healthy and growing gig economy. With rapid industry growth upon us, it is important to remember that the workers are our top priority. Unveel.io is creating partnerships with companies across the world that prioritize this as the logical step forward.
Unveel.io are expanding the use-case of traditional EWA companies, and utilizing data to not only provide financial alternatives, but financial equality.”
-Max Moscicki, Vice President of Unveel.io
“As a leading Salary on Demand and employee financial wellness solution provider, driving financial inclusion for millions of hardworking Africans employed in the gig economy who are living pay check to pay check is top priority for us as an organisation.This is why we are excited about our partnership with Unveel.io as it provides us with the unique opportunity to reach millions of financially excluded and at best underserved workers engaged in the gig economy across Sub-Saharan Africa and set them on the cause to financial freedom. Gig workers with Uber, Bolt, Fiverr, Upwork, Glovo and Airbnb would be the first to enjoy this service in Nigeria.”
- Gerald Erih, CEO/Co- Founder of PayMasta/Lastmile Financials Ltd