Qwil, a company that gives loans to small businesses and freelancers, has received $24.4 million in equity, as well as $200 million in debt funding, according to a report by Reuters. Investors in Qwil include Jefferies Financial Group, while the funding round was led by...
The phrase “slow payment cycles” conjures up the image of old school buyer-supplier relationships and the 30- to 90-day payment window created by an inefficient paper-dominated cycle. However, it probably doesn’t bring to mind the developer economy, because it’s such a thoroughly modern ecosystem it...
The gig economy might be transforming many aspects of the traditional employee-employer relationship – there is still not a consensus on whether gig workers are contractors or employees – but the way gig workers are paid has yet to change with the times. The latest...
For gig workers, a growing subset of the economy where at least one-third of the U.S. workforce has taken on project-based work, getting paid in a timely manner can be critical to financial well-being. In fact, as PYMNTS found in recent research on the gig...
September 27, 2019
The phrase “slow payment cycles” conjures up the image of old school buyer-supplier relationships and the 30- to 90-day payment window created by an inefficient paper-dominated cycle. However, it probably doesn’t bring to mind the developer economy, because it’s such a thoroughly modern ecosystem it seems as though it would not have the same legacy […]
August 16, 2019
For gig workers, a growing subset of the economy where at least one-third of the U.S. workforce has taken on project-based work, getting paid in a timely manner can be...
December 11, 2019
Qwil, a company that gives loans to small businesses and freelancers, has received $24.4 million in equity, as well as $200 million in debt funding, according to a report by Reuters. Investors in Qwil include Jefferies Financial Group, while the funding round was led by venture outfit PeakSpan. Mosaik Partners, Reciprocal Ventures, Silicon Valley Bank, […]
March 07, 2018
Cambridge Global Payments, a unit of FLEETCOR and a provider of international payments and foreign exchange transactions, announced news on Tuesday (March 6) that it is aligning with Qwil to...
