September 19, 2024

$250K is invested in FinTech firm Trampay to support Brazil's gig economy.

March 12, 2024
1Min Read
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Trampay, an innovative FinTech company that caters to gig workers, has successfully raised $250K from Potencia Ventures for a pre-seed investment.

According to a Latam List story, the investment came from Potencia Ventures, a company renowned for its dedication to supporting creative ideas within the gig economy.


The main goals of Trampay are to provide low-interest microloans, job benefits, and personal financial services to Brazilian gig workers. Trampay's dedication to offering alternatives for sustainable income assists this group, which is frequently neglected by traditional financial institutions. Trampay meets the vital needs of gig workers by making it easier for them to access necessary financial services, enabling them to better manage their earnings.

 

With the additional investment, Trampay has set high standards for growth and innovation. The startup intends to use the funds to upgrade its technology infrastructure, add physical payment methods like credit and debit cards, and dramatically increase the number of its users.


Trampay CEO Jorge Junior expressed excitement about the impact of the investment in a statement that reflected the company's vision and future goals: "Since joining Potencia UP, we have grown 7x." Our aim with the investment is to hire 50,000 gig workers. T

 

"As members of the lower-income class in Brazil, app delivery drivers frequently do not qualify for credit lines," stated Itali Collini, Principal at Potencia Ventures. Deliveries made on the same day can be paid for via Trampay, which enables drivers to pay for necessary maintenance, fuel, and meal costs.

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