Freelancers and those in the gig economy have long been ignored when it comes to banking. With the majority of those in this category working on an hourly rate, and without what is considered a ‘steady income’, banking providers have been unable to meet the needs of this subsect of workers. In the UK alone, they make up 7.25million of the population (Source).
Even though these individuals can substantiate earnings through tax returns, the lack of steady payments through an employer doesn’t fit well with existing account opening and risk assessment systems. This can make getting credit, refinancing a home, or opening other accounts difficult.
The possibilities are endless
Any business servicing this dynamic sector can provide additional products that can support their banking needs. There is high adoption from freelancers for apps and software products as it is needed for their day-to-day work, so businesses are primed to successfully reach their audience through new services whilst building brand affinity and offering revenue-generating products all on one platform.
Designed with sole traders in mind, through Manigo’s API suite or whitelabel solution, anyone can build a comprehensive account solution for their freelancer and gig economy customers. Plus, supplemented with the Manigo Back Office Portal, anyone in your team can track critical metrics about your customers, their pain points and their usage.
Quick and easy to setup. We guarantee to get you to market in no time at all.
Connect to global payments rails
We set you up for global success. Move funds on and off platform with a variety of local payment rails to build from.
We cover fraud monitoring to detect and prevent payment card fraud and 3D security to ensure full verification with card issuers. Full KYC and AML compliance regulations.
Technology teams can use our simple-to-understand documentation, and tokenize cards in digital wallets like Apple Pay and Google Pay.
If you would rather have our support on every step of your journey with us, we also offer our Program Management solution that can ensure you are setup for success from start to finish.
Explore our Use Cases
Build fully-compliant in-app payment methods or setup card programmes, all through our card issuing API.
Enhance customer experience by issuing multi-currency bank accounts into your apps & products.
Build a comprehensive personal banking solution for your customers through our Accounts and Payments API.
Explore our APIs