Tuesday, October 27, 2020

Green Dot Backs Gig Wage For Gig Worker Banking

Pasadena-based Green Dot, which provides banking services, prepaid cards, and other financial services, says it is the lead investor in the Series A funding for Gig Wage. Gig Wage provides payroll, payment and banking services for the gig marketplace. The Series A investment was worth $7.5M, and was led by Green Dot, and also included Continental Investors, Techstars, Rise of the Rest, and others. According to the two, Green Dot will serve as the infrastructure bank partner for Gig Wage, adding banking services to its payment services platform for gig workers. Size of the investment by Green Dot was not announced. Gig Wage is based in Dallas, Texas, and was founded in 2014. More information »