Pasadena-Based Green Dot Partners With Gig Wage to Offer Banking for Gig Workers

Green Dot Corp. in Pasadena has announced a new partnership with Dallas-based Gig Wage to create a banking system specifically designed for workers in the gig economy, Green Dot announced this week.

Green Dot emerged as the lead investor in the Series A funding round, which generated $7.5 million for Gig Wage’s new project, which seeks to “add seamless, reliable banking solutions to its popular instant payments platform for gig workers,” Green Dot said in a written statement issued Tuesday.

“The fast-growing gig economy presents tremendous demand and opportunity for enhanced banking and payment tools and experiences,” according to Green Dot CEO Dan Henry. “We’re thrilled to partner with Gig Wage to grow this vertical and empower gig workers and their employers with faster, more seamless financial solutions.”

Gig Wage CEO and founder Craig J. Lewis said he, too, was excited about the new partnership.

“The 1099 economy is exploding, and Gig Wage is thrilled to bring a truly comprehensive solution to market,” he said. “As we laid the foundation to offer financial infrastructure for the ‘future of work,’ it was abundantly clear Green Dot was the best partner for us to help the most people. Our partnership with Green Dot will not only help us on our mission to increase the GDP of the gig economy, but also help us provide a financial social safety net for gig workers everywhere.”

More information on Green Dot is available online at greendot.com, 

More information on Gig Wage is available at gigwage.com.