GigSafe, the all-in-one workforce management platform for businesses that engage independent contractors, announced a partnership with OatFi, the API-first fintech infrastructure company modernizing how B2B payments are made and received.
Together, the companies are launching an Early Pay program designed to make immediate payouts to independent contractors while allowing businesses to extend payment terms.
Through the partnership, businesses engaging 1099 workforces receive industry-standard payment terms while offering early payouts to contractors. GigSafe manages compliance, onboarding, and payments, while OatFi provides the underwriting, capital, ledger, and repayment infrastructure. This enables faster payouts and allows GigSafe to boost transaction volume and scale its credit program.
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“Our mission is to help ambitious companies scale faster and win more contracts by eliminating operational and financial roadblocks,” said Dan Gerow, Co-founder, of GigSafe. “Partnering with OatFi allows us to expand our payments capabilities, giving businesses and their contractors the flexibility they need to grow with confidence.”
“B2B payments are both a workflow and working capital challenge,” said Michael Barbosa, Co-founder & CEO of OatFi. “By embedding OatFi’s infrastructure into GigSafe’s platform, we collectively unlock working capital at the point of payment for businesses and the independent workers they rely on.”
The partnership represents a significant step forward in modernizing payments for the 1099 economy. By pairing GigSafe’s TPA platform with OatFi’s credit infrastructure, businesses can onboard contractors faster and unlock working capital needed to grow.
Source: BusinessWire
