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1099 Economy Growth and Challenges

Keying in on the challenges of automatically onboarding and paying out workers in the 1099 economy who have ever increasing cashflow needs.

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1099 Economy Growth and Challenges

  1. 1. 1099 Economy
  2. 2. On Demand Local Services (ODLS)
  3. 3. 1099 Workforce ● Driver by day ● Task Rabbit jobs between rides ● Blog about the experience in the evening
  4. 4. Flexibility • Priorities > Work Schedule • Education • Childcare
  5. 5. Growth Financial Capital: $1.3B in VC invested Independent contractors: 30% of workforce in 2006 40% of workforce by 2020
  6. 6. Cashflow Needs Volatile Supply & Demand = Ensure Fast & Secure Payouts
  7. 7. Compliance • Taxes • Legal • Insurance • Rights
  8. 8. Uber
  9. 9. Uber Costly methods for collecting & distributing money.
  10. 10. Payment Activity Riders Use CC through Mobile App: Percentage Fee + Flat Fee Per Transaction = Est. $8 million/month in payment fees
  11. 11. Solavei Incentivized Sharing: Earn + Save
  12. 12. Social Economy 400,000 Members $29M in payouts since 2012
  13. 13. Risk 1099 workforce is redefining traditional business structure, using tech and payments platforms that ensure trust
  14. 14. Zipmark Deposit ✓ Speed to market ✓ Compliance ✓ Branded User Experience ✓ Security
  15. 15. Get in touch jay@zipmark.com

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