Joust Labs, an Austin, Texas-based financial services platform for freelancers and entrepreneurs, reportedly raised $2.6m in seed funding.
The round was led by PTB Ventures with participation from Accion Venture Lab, Financial Venture Studio; and Techstars.
The company intends to use the funds to expand its platform to serve the freelance workforce segment.
Led by Lamine Zarrad, founder and CEO, Joust allows freelancers, sole proprietors, and small and midsized businesses in the United States to handle invoices and payments and provides protection against late or missed payments.
It has developed an invoice guarantee product, PayArmour, which allows users to access a cash advance against unpaid invoices. Joust bundles PayArmour with a suite of financial services, including a bank account and payments processing, offered through one mobile platform.
Ultimately, the platform allows workers to get paid for their work faster, protecting their assets and allowing them to seize new opportunities.
The app is available for download on both Google Play and the Apple App Store.