FinTech startup Trampay has received a significant boost of $250,000 aimed at empowering Brazil’s gig economy, thanks to a pre-seed investment from Potencia Ventures.
Potencia Ventures, renowned for its dedication to advancing innovative solutions within the gig economy, provided the investment, as reported by Latam List.
Trampay is at the forefront of offering financial services tailored explicitly for gig workers in Brazil. Their mission encompasses providing personal financial services, low-interest micro-loans, and customized employment benefits. These services cater to gig workers who are often overlooked by traditional financial institutions, thereby offering them sustainable income opportunities. By facilitating access to essential financial services, Trampay is addressing the critical needs of gig workers and empowering them to manage their earnings more efficiently.
With this infusion of capital, Trampay is gearing up for expansion and innovation. The company aims to utilize the funds to significantly expand its user base, bolster its technological infrastructure, and introduce physical payment options such as credit and debit cards.
CEO Jorge Junior shared his optimism about the investment’s impact on the company’s vision and future goals, stating, “Since joining Potencia UP, we have grown 7x. With the investment, our goal is to reach 50,000 gig workers.”
Itali Collini, Principal at Potencia Ventures, highlighted the significance of Trampay’s services for the lower-income class in Brazil, particularly app delivery drivers who often face challenges in accessing credit lines. Collini emphasized that with Trampay, drivers can receive payment for deliveries on the same day, enabling them to cover expenses for food, fuel, and maintenance promptly.
