Vlorish Launches All-in-One Finance Platform for Freelancers
FinTech startup Vlorish launched its freelancer finance platform, aiming to simplify bookkeeping, budgeting and credit scoring models for the freelance market. The all-in-one web platform provides freelancers, solopreneurs, independent contractors and individuals with side hustles a solution to manage their personal and business finances in a single location, the company said in a Friday (Oct. […]
The post Vlorish Launches All-in-One Finance Platform for Freelancers first appeared on PYMNTS.com.
FinTech startup Vlorish launched its freelancer finance platform, aiming to simplify bookkeeping, budgeting and credit scoring models for the freelance market.
The all-in-one web platform provides freelancers, solopreneurs, independent contractors and individuals with side hustles a solution to manage their personal and business finances in a single location, the company said in a Friday (Oct. 6) press release. A mobile app with the same functionality will be released later in the fall.
“We sought to create a holistic, efficient and user-friendly platform that could handle the intricate financial lives of freelancers, solopreneurs and independent contractors in a single platform,” Vlorish founder and CEO Farah Ali said in the release.
Vlorish’s web platform simplifies financial management for freelancers with features that include dual budgeting, debt tracking, financial goal setting, investment monitoring, estimated tax calculations and net worth tracking, according to the release. It eliminates the need for manual bookkeeping or tax preparation services, which can lead to cost savings.
Vlorish introduces two proprietary technologies to enhance its financial management tools, according to the release. The first is Peer Score, a peer-to-peer (P2P) financial wellness score that evaluates various aspects of an individual’s finances to provide a comprehensive view of their financial health. The second is Taxifier, a real-time tax estimation tool for federal and state taxes in the U.S.
“We envision a world where managing your finances is as simple, secure and efficient as possible,” Ali said in the release.
Another provider of tools and services for freelancers is payments platform Hopscotch, which in September 2022 added a tool that lets freelancers and small businesses finance invoices in two clicks. The tool, Hopscotch Flow, gives users flexibility and control in managing their cash flow.
During the same month, financial super app Revolut launched an income, expense and payment management account for self-employed workers. The account, Revolut Pro, lets customers manage their business funds with no need for a fully-fledged business account.
In the latest “Consumer Inflation Sentiment Report,” PYMNTS Intelligence found that 41% of employed consumers have picked up gig work to tackle inflation. Even those earning more than $100,000 per year are seeking additional employment.
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The post Vlorish Launches All-in-One Finance Platform for Freelancers first appeared on PYMNTS.com.