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Banking startup Clearbanc launches with a new instant pay tool for Uber drivers

Uber drivers can now link their account to Clearbanc, and at the end of each day get the money they’ve earned driving for Uber transferred to an FDIC insured Visa debit card. There’s a $2 fee for each transaction, though drivers aren’t charged anything on days they don’t use it.

Founded by Andrew D’Souza, Clearbanc wants to appeal to the independent contractors, freelancers, and 1099 workers in the U.S.. “Over 50 million Americans are choosing self employment, but traditional banks and financial service providers haven’t been able to adapt to this cultural and economic shift,” D’Souza said in a press release.

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freelance economy