COVID-19: Indian neobank offers financial solution for gig economy platforms

By Invetiva

Avail a gig economy neobank launched a product to help gig-economy platforms across e-commerce, food delivery, logistics, mobility and transportation, offer financial support to their on-ground workforce who are not eligible for employee benefits.

Once employers sign up for the program, the gig workers can access instant loans that have a repayment-holiday during the ongoing pandemic. Another product -COVID-protection- provides health insurance to gig workers.

Founded in 2017, Avail Finance is a fintech company that offers micro-credit for the gig workers.

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