Shared Business Idea
FinanceIntermediate
FreelancerFund: Peer-to-Peer Invoice Factoring for Gig Workers
Turn unpaid invoices into instant cash by connecting with investors.
Why Now?
The freelance workforce is surging, yet 60% of freelancers report chronic late payments. Traditional factoring is too expensive and rigid. Fintech innovations in open banking and data analytics now make real-time, low-cost credit assessment feasible, and investor appetite for alternative fixed-income products is growing.
The Idea
FreelancerFund is an online peer-to-peer invoice factoring platform designed specifically for the freelance economy. …
The full breakdown
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