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Portify, a London based digital bank for the gig economy, raised a £7m Series A

London based fintech startup focused on gig economy workers raised £7m in Series A funding led by Redalpine.

“If you weren’t working for a select partner platform, you couldn’t access the app,” says Portify co-founder and CEO Sho Sugihara. “We did this because we wanted to make sure we were 100% focused on our target modern worker persona, and helping to financially include them. But once we started working closely with our initial users, we realised that while being modern workers, many of them also fell into the ‘credit invisible’/thin file segment, lacking access to basic financial products.

Tags

digital banking, gig economy