Fundo

In the last 10 years, the digitally-driven “gig economy” has explosively grown. Gig workers, or people who find short-term contract work outside of the traditional long-term employer-employee relationship, now account for about 35% of the US labor force. However, most “gig workers” cannot find any type of financing if they do not have superb credit, let alone financing that does not require a personal guarantee or giving up equity in their business.
 

Fundo was created to fill this gap in the marketplace, providing gig workers with an easy alternative to traditional bank and personal loans. Most merchant cash advance providers will not even consider assisting a self- employed person that generates less than $10,000 in monthly revenue.

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