Gig Wage, a Dallas, TX-based FinTech payroll platform for the 1099 workforce, raised 3.25m in venture debt.
Silicon Valley Bank (SVB) provided the financing.
The company intends to use the funds to invest in key growth areas of the business.
Founded in 2014, Gig Wage provides a FinTech payroll platform which enables employers to instantly pay 1099 workers while offering independent contractors an efficient way to receive payments. The company has raised $16.45m to-date from Green Dot Corporation (NYSE: GDOT), Silicon Valley Bank, Foundry Group, Continental Investors, Techstars, Revolution’s Rise of the Rest Seed Fund and more.
Gig Wage also announced the addition of Clarisa Lindenmeyer as Chief of Staff to the CEO and Chief Brand Officer. Lindenmeyer will build the Office of the CEO and lead the growth and development of the brand image, experience and promise – both internally and externally, working alongside Gig Wage Founder and CEO, Craig J. Lewis.
For the last five years her consultancy, Proximity to Power, has served a long list of clients in the venture/startup, healthcare, commercial real estate and government sectors as well as numerous non-profit roles including: Vice President of Community Engagement on Dallas’s The Family Place Board, Board of Directors for Dallas Area Habitat for Humanity and Executive Committee for the United Way Social Innovation Accelerator.
Lindenmeyer, a Mexican American wife and mother of three, is is joining Gig Wage’s C-Suite alongside Ethan Austin, Chief Strategy Officer and formerly Managing Director of Techstars; Anna Enns, Chief Product Officer; Robert Belsky, Vice President of Finance and formerly of Bloomberg and J.P. Morgan and Rocco Stanzione, CTO; as well as newly hired go-to-market leaders — Brandi Utria, Senior Vice President of Business Development and former Vice President of Business Development at Asure Software; and Desmon Lewis, Senior Enterprise Sales Executive and former Director of Sales at Citi.