Each every now and then, I like to focus on a fintech I’ve by no means heard of. At the moment’s candidate is TaskPay.
Based in Might of final yr, TaskPay is on a mission to construct belief into contracts and expertise payouts. What does that imply, precisely? TaskPay has constructed a platform to permit customers to create immediate, escrow-like milestone contracts for gig staff or to ship peer-to-peer funds.
By serving as a middle-man, TaskPay secures funds from the celebration making the cost, whereas ready to launch the funds till the recipient has accomplished the contract necessities. This protects each events by making certain that the payer isn’t receiving work and refusing to pay, and likewise making certain that the payee isn’t taking the funds with out finishing their finish of the contract.
Taskpay facilitates funds made utilizing cryptocurrency, debit or bank card, PayPal, ACH transfers, or wire transfers. It additionally helps customers with no checking account to withdraw funds onto a pay as you go Mastercard or Visa card.
What’s extra, Taskpay members can use the platform to seek out expertise. The corporate’s AI connects customers with the best gig employee for the job by analyzing chat knowledge, disputes, rankings, evaluations, job timelines, and extra.
TaskPay’s emergence aligns with in the present day’s digital-first period, providing a basic answer to unravel belief points in contractual agreements and gig employee funds. Within the rising gig economic system, TaskPay safeguards each events from potential exploitation or non-compliance. In a world the place digital interactions are commonplace, TaskPay is well-positioned to succeed as a participant within the evolving fintech enviornment.
Taskpay is headquartered in Wyoming and was based by Aaron Andrew and Kerim Eravci.
Picture by Brett Jordan on Unsplash