6 years ago

SteadyPay Raises £2.9 Million to Help Gig Workers Manage Income Volatility

  • SteadyPay, a UK-based fintech startup, has secured £2.9 million in seed funding from Hambro Perks and Fair By Design

  • The investment will enable SteadyPay to scale its operations in the UK and reach 5,000 customers in the next 12 months

  • SteadyPay's app helps gig economy workers manage their income volatility by automatically topping up their bank accounts when their earnings are below average.

      • ProblemFinancial Services

      "Gig economy workers experience volatile income, leading to financial stress and difficulty accessing traditional financial products."

      Solution

      "SteadyPay is a subscription-based app that provides income smoothing for gig workers by topping up their bank accounts when earnings are low and allowing repayment through interest-free installments."

      Covered on