Gigacover: Providing a financial safety net for gig workers

Singapore

5 min read

Jul 27, 2021

By Putu Agung Wija Putera

Gigacover is eyeing multi-billion-dollar opportunities in income and healthcare protection and financial services for the 150m self-employed workers in Southeast Asia, about half of whom are underbanked

Self-employed workers, especially low-income gig workers, often find it difficult to access financial services, such as loans and insurance. Singaporean fintech startup Gigacover wants to ensure these workers can enjoy the same benefits as full-time employees through its innovative subscription-based coverage system.
By paying a small monthly premium, self-employed workers can enjoy subsidized healthcare services, personal accident and critical illness insurance, and income protection if they are hospitalized and cannot work for extended periods. The company currently covers 100,000 workers...

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