Level
Offering affordable and accessible financial services to help independent contractors expand their work and build wealth
- Company
- Financial Inclusion
- America
- 2021
- Active
The Challenge
The U.S. workforce is rapidly changing with approximately 57 million people working independently, but financial infrastructure has not adapted to their volatile earnings. Existing lending solutions for gig workers are either targeted at a larger volume using traditional underwriting methods or come from predatory providers charging high interest rates. This forces workers to rely on expensive, exploitative credit options.
The Innovation
Level offers an innovative suite of financial tools designed to build wealth for low-income, gig workers. By offering affordable cash advances and other services, Level enables workers to better manage their expenses, invest in their businesses, scale their work, and grow their incomes.