Lean, the financial benefits platform designed for the independent workforce, today announced it has been named a Finovate Awards finalist for the “Excellence in Financial Inclusion” category. The award recognizes massive strides in Lean's effort to bring financial services to gig economy workers, one of the largest underserved segments of the American economy.
“We’re thrilled to be named a finalist for the Finovate Awards. This recognition represents the collective effort of our extraordinary team. Our focus on partnering with marketplaces to offer financial products to gig workers is really paying off,” says Tilak Joshi, CEO of Lean. “We are committed to helping marketplace platforms and staffing agencies improve worker retention, acquisition, economics, and just do the right thing for their workers. Lean is changing the game when it comes to redefining risk modeling for the flexible work segment, resulting in unlocking financial services for an otherwise underserved segment that covers more than a third of our workforce.”
Lean enables marketplace companies to offer financial products tailor-made for the 1099 and flex W-2 workforce. The platform allows for instant payouts in milliseconds, is completely free, and also provides $1,000 cash advances while Lean takes on all the associated risk, compliance, and capital. Its platform is 100% free and takes less than two weeks to get-to-market. Through its existing partners, the platform is rolling out to 300k+ gig workers. Lean is backed by Inspired Capital, Atelier Ventures, Acequia Capital, Oceans Ventures, and several strategic angels, including founders & execs from Instacart, Uber, Postmates, DoorDash, Handy, Stripe, Coinbase, and Plaid.