Cross border payments part 2: your fat margin is my opportunity 

“your fat margin is my opportunity” is a quote from a very smart entrepreneur called Jeff Bezos. Cost in cross border payments comes from 4 sources: – Fees. This is the most visible cost. – Foreign Exchange. This often exceeds the visible Fees, but has been opaque in the past; it can be as much […]

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Will thin layer/fat commission ventures like Uber be replaced by full stack digital cooperatives? 

For investors, thin layer/fat commission ventures have been the icing on the cake: thin layer means no costs/hassle of service delivery; a simple app is all Uber needs because they do not  employ drivers or deal with any logistics issues.  fat commission means lots of revenue ; Uber for example makes a commission of 20%. […]

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What auditioning for the role of an OCD Germaphobe taught me about Digital Cooperatives

Before a recent trip to London, a kind person who knows me well suggested that I stay safe in coronatimes by auditioning for the role of an OCD Germaphobe. This led me to break the habit of a lifetime of relying on the Tube/London Underground to get around. So I was more reliant on taxis […]

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Australia’s Adatree At the Forefront of Australia’s Open Banking Push

Jessica Ellerm is a thought leader specializing in Small Business and the Gig Economy and is the CEO and Co-Founder of Zuper, a neowealth disruptor in Australia If Australian businesses were still on the fence about how Open Banking will transform the competitive landscape, then following the release of Australian Open Banking fintech Adatree’s landmark […]

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New SME Bank Avenue Sets Sights On Australian Market

  Jessica Ellerm is a thought leader specializing in Small Business and the Gig Economy and is the CEO and Co-Founder of Zuper, a neowealth disruptor in Australia If all things go to plan, Australia will soon have a new SME neobank pitching its services to Australia’s small business community – Avenue. Avenue’s aim is […]

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Bounce Back Business Loans A Bumpy Ride For Fintech Players

Jessica Ellerm is a thought leader specializing in Small Business and the Gig Economy and is the CEO and Co-Founder of Zuper, a neowealth disruptor in Australia In a surprising twist of fate, non-bank SME lenders in the UK look set to take a back seat when it comes to gaining market share from incumbents […]

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Supply Chain Finance Patents granted to Prime Revenue; best or worst of times in small business finance?

I am covering today for Jessica Ellerm. It is the best of times and the worst of times in Small Business Finance. Best of times: Small Business Finance is a window of opportunity big enough to drive a truck through. This remains as true today as it was when we first articulated it about about 4 years ago and […]

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New Business Banking Startup Zeller Set For Australian Launch

Jessica Ellerm is a thought leader specializing in Small Business and the Gig Economy and is the CEO and Co-Founder of Zuper, a neowealth disruptor in Australia Business banking hasn’t had a lot of competition in Australia. That is set to change, with news a former Square, Visa and NAB executive is set to launch […]

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Banking-As-A-Service for Corporations The Next Wave

Jessica Ellerm is a thought leader specializing in Small Business and the Gig Economy and is the CEO and Co-Founder of Zuper, a neowealth disruptor in Australia Just like you don’t need to be a qualified journalist to build a blogging empire, or train as a professional photographer to be become a high earning Instagram […]

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Gig Workers Are On The Rise Post COVID. Fintech Pirkx Stands To Benefit

Jessica Ellerm is a thought leader specializing in Small Business and the Gig Economy and is the CEO and Co-Founder of Zuper, a neowealth disruptor in Australia

All around the world, companies and their employees are adjusting to very different working conditions compared to those that existed pre COVID.

For institutions, adapting and surviving over the past 4 months and into the future has meant significant transformation at lightning speed. For some that has meant making productive ‘work from home’ actually work, be it swiftly getting on top of technical issues or implementing technology that helps line managers deal with the complexities of managing people from afar. For others, it has meant pivoting their business, laying off staff and completely rethinking revenue forecasts.

In this period of high uncertainty, contractors that can come in, do the job, then get off the payroll are attractive. Pair that with unemployment driving many into the gig economy, then you have the perfect storm for a swift and significant upheaval in how we typically think about employment and employers, what it looks like, and what benefits a workplace should provide its staff.

For years the gig economy has been a real double-edged sword for a worker. While it promises significant freedoms, it has typically eroded the benefits many would be able to access via their employer – health insurance, pensions to name two common ones.

Both health insurers and pension schemes, particularly in the states, rely on this employer/employee relationship to keep their funnels and inflows full. When that breaks, then there is the potential for systemic issues throughout the chain, through to end benefit providers.

This is why benefit platforms that act as intermediaries to employers need to rethink how they become an intermediary to the contracting sector more broadly.

UK startup Pirkx is doing exactly that, ensuring benefits on its platform are available to all ‘workers’ at a company, regardless of their contract status, however there is a vast ocean of opportunity here for startups looking to take advantage of this cultural shift.

More and more, individuals are being disconnected from traditional social groups, like workplaces. However there is always power in the group, and as humans, we instinctively understand this. This is a strong principle on which to build a compelling offering for a currently marginalised section of the workforce.

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