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Level closes $1.5M to provide financial services to gig workers – TechCrunch


Level closes $1.5M to provide financial services to gig workers
This morning Level, a Seattle-based startup that offers credit to gig-economy workers, announced that it has raised a $1.5 million pre-seed round. Level intends to provide various services to gig-economy workers, starting with a financing product.
The goal of Level today is to furnish access to credit to workers who might not be able to tap it from traditional sources, using their current income from freelance work to back the advance; akin to revenue-based financing for startups, workers can borrow a set amount, and pay back a portion of their future earnings until the debt is settled. ....

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