Gig Wage, a payments platform founded by a Black former college basketball player in 2014, recently announced a partnership with online banking giant Green Dot that could take the Dallas-based startup to the next level in its mission to ensure underbanked gig workers have access to financial services.
Green Dot is funneling $2.5 million into a partnership with the young company to create services for underbanked independent contractors, commonly known as gig workers, reported Bloomberg. A person is considered underbanked if they use financial services outside of a traditional bank account, like payday loans and check-cashing places.
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