Socialwyze: A Social Impact Gig Economy Platform
Socialwyze, founded in 2018, aims to address income insecurity by providing a gig economy platform that enables displaced workers to engage in barrier-free public benefit work. The platform operates as a mobile app through which governments, foundations, and crowdfunding initiatives fund "wage banks" to pay for public benefit work man-hours. Displaced workers, often facing challenging financial situations, have the opportunity to earn a living wage by performing public benefit work in their communities on their own time.
The recent Seed Round investment at 19 November 2020 led by Cortado Ventures underscores the confidence of investors in Socialwyze's unique approach to leveraging technology for social impact. The platform's intersection of Financial Services, Information Technology, and Mobile industries positions it at the forefront of the growing trend towards socially responsible and inclusive labor platforms.
Socialwyze's innovative model not only supports income-insecure individuals but also aligns with the increasing focus on social responsibility and inclusive economic opportunities. The platform's collaborative approach with governments, foundations, and nonprofit organizations identifies it as a significant player in the evolving landscape of labor and social impact initiatives.
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