Zimpler, a Sweden-based fintech company, has partnered with fintech startup Gigapay to offer content creators with a hassle-free payout management system.
Gigapay is claimed to be first firm to accommodate freelancers without a registered company.
Following the partnership with Zimpler, Gigapay will be the first to offer instant payouts to those with a registered company in Sweden.
The quick payout function is currently available in Finland as well, with plans to expand this service globally this year.
Although quick payouts are possible, sole traders are required to wait 15 days for money to reach into their accounts.
The Zimpler-Gigapay partnership will give content creators and sole traders gain access to instant payments on equal terms.
The firms operating within the space and currently using Zimpler’s and Gigapay’s services include Society icon, Gigital and INCA.
Gigapay CEO and co-founder Raiha Buchanan said: “Our collaboration with Zimpler will provide Gigapay users with the best service and functions possible, allowing self-employed creators to receive instant payouts, without having to rely on a traditional long billing cycle. As many creatives who are self-employed value instant payouts we know that removing this element can be life-changing.”
“With the fintech industry continually growing and expanding, many have started to see the value in collaborations. Having a strong fintech ecosystem is key to continued growth and success, and it is done by continuously improving the quality of products and services offered, allowing sharing of knowledge and expertise.”
Zimpler head of partnership Catrine Rhenberg said: “For us, simplicity is everything. We want people, no matter their form of employment, to have a seamless and simple experience when it comes to their work compensation and payout.
“Fintech as we know it is evolving and changing every day. Our main goal is to provide our clients and users with the best solutions and experiences possible. To do this, we need partners who understand us, our brand and who also challenge us to be the best Zimpler in every way – today and tomorrow. We are very pleased to be working closely with Gigapay, as we believe that strong collaborations are key to staying relevant in fintech.”