Connect with us

Workers

Zoopla investor ploughs £3.3m into London gig economy startup’s seed round

Published

on

Collective Benefits, a gig economy startup which is set to exit Facebook’s London accelerator next month, has closed £3.3m in seed funding.

The round was led by Stride.VC, a backer of Zoopla, Secret Escapes and Pill Pack, with participation from Delin Ventures and Insurtech Gateway. Collective said a number of angel investors also joined the round, who have experience in building popular gig economy firms such as Uber and Deliveroo.

The startup is building a benefits platform that provides gig economy workers with access to employment benefits that other mainstream tech workers would receive, such as sick pay, family leave and mental health support.

“There are 6m self-employed workers in the UK, which includes both higher-paid freelancers and gig economy platform workers. Yet, neither group typically has a safety net — no holiday pay, no family leave, no mental health support, not even paid sick days,” said Anthony Beilin, chief executive of Collective Benefits, a former global head of innovation at insurance giant Aviva.

“We are building Collective Benefits so that the gig economy workers are covered by the same protections typically reserved for full-time employees.”

Read more: Investors splash the cash on British fintech startups

Collective Benefits will be among the most recent cohort to successfully exit Facebook’s startup accelerator programme LDN_Lab when it ends next month.

Statistics provided by Collective Benefits showed 96 per cent of freelance workers in the UK currently don’t have any form of income protection, while 93 per cent don’t have access to health or critical illness cover.

“We’re seeing services platforms gain unstoppable momentum in every segment of our lives, from rides to food delivery to freelancing,” said Fred Destin, partner at Stride.VC.

“We need a new playbook. Collective Benefits addresses one of the core challenges in this brave new world of work, using technology to design and deliver a new type of safety net to all the participants in this fast-growing part of our economy.”

Sign up to City A.M.’s Midday Update newsletter, delivered to your inbox every lunchtime

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Workers

Nevada launches system to accept gig workers’ weekly claims – KRNV My News 4

Published

on

By

Continue Reading

Workers

Point of View: Florida unemployment system still a mess amid COVID-19 crisis, especially for gig workers – Opinion – The Palm Beach Post

Published

on

By

Gig workers, independent contractors (also called “1099 workers”) and the self-employed don’t qualify for state unemployment. But they qualify for federal Pandemic Unemployment Assistance included in the CARES Act passed by Congress. They must still apply through the rickety Florida Department of Economic Opportunity’s system.

Ena Beatty and her 23-year-old son applied for unemployment benefits together in mid-March.

Her son, Nick, has already received his first state unemployment check and another one is on the way. He’s also received three $600 checks from the federal government.

Ena, meanwhile, still is waiting to see when and if she will get help. It’s been almost two months since she applied.

>>>Related content: Editorial: Probe of jobless benefits system worthless without fixes

>>>Related content: Coronavirus Florida: Editorial: Do more to fix state’s broken jobless benefits system, policy

Why Ena of Indialantic and her son have had difference experiences might rest in the fact that she’s a gig worker during the coronavirus pandemic.

Ena, 55, used to take tourists from Port Canaveral on tours and hand out food and alcohol samples at grocery stores. Her son had a regular job at the now-shuttered Lucky’s Market in West Melbourne.

“Everyday is another worry and wondering how we’re going to get by,” said the single mother who lives with son Nick, who’s stepped up to pay the bills, and her 16-year-old daughter.

Gig workers, independent contractors (also called “1099 workers”) and the self-employed don’t qualify for state unemployment. But they qualify for federal Pandemic Unemployment Assistance included in the CARES Act passed by Congress. They must still apply through the Florida Department of Economic Opportunity’s system.

Yes, they qualify for these benefits but getting their hands on them is a different story.

Florida’s handling of unemployment claims has been, for the lack of a better word, a mess. For weeks, we’ve been documenting glitches and errors with the online system, people whose applications have been pending for too long and people who have been rejected despite apparently qualifying for help.

While some regular and full-time workers like Nick are starting to receive their benefits — though thousands are still are waiting — people like Ena appear to be facing the longest waits, Rep. Tyler Sirois, R-Merritt Island, told me.

I emailed the DEO asking if that’s truly the case and why but didn’t get any answers. Sirois believes that might be explained by the fact applicants had to apply for state benefits, be deemed ineligible and then, in some cases, reapply for federal assistance, which Ena did on April 26. Also, it wasn’t until April 28 that Florida rolled out its Pandemic Unemployment Assistance program, Sirois said.

That leaves these already-vulnerable independent workers, who don’t receive employer-provided health insurance and benefits, in an even more vulnerable situation.

And it’s not just independent workers who are experiencing delays. Lawmakers across Florida are being flooded with messages from all kinds of people who struggled to get benefits.

Emails sent to Brevard state Rep. Randy Fine’s office paint a picture of what’s happening. Fine has said his office spends much of each day helping Brevard residents trying to navigate the unemployment process.

“I cant believe! I cant log in! The site doesn’t let me! I have no income. Why is this this hard?” an applicant wrote on April 20.

“I am a teacher who was furloughed in March… I filed (for) unemployment right away and to this day I am still in pending status,” a woman wrote on April 24.

“I logged into the system this morning after it has been down since last week and now I show up as ineligible with no explanation. No ONE from the DEO has ever contacted me. I have tried all day to reapply for benefits and the system is broken,” a man wrote on April 27.

Only 48% of more than 1.3 million unique jobless claims have been paid out as of May 11, according to the Florida Department of Economic Opportunity. The situation for those requesting federal Pandemic Unemployment Assistance (independent workers and others who don’t qualify for state benefits) is slightly worse: 43% of 52,549 claims processed in Florida were paid out as of May 11.

No state was prepared for the flood of jobless claims the coronavirus has caused. But Florida has been notoriously slow in processing claims — it was among the slowest in the nation as of early April, according to an Associated Press analysis. It’s unclear where it stands today.

Gov. Ron DeSantis has ordered an investigation of the $77.9 million system and the state’s contract with Deloitte, the company that built it.

As government bureaucrats try to figure who dropped the ball, people like Ena, who hasn’t worked since late February, are paying the price despite having lost their livelihood through no fault of their own.

Making the problem worse is the lack of information coming from the DEO on when these people can expect to see a check. Even lawmakers like Sirois are having a hard time getting through to ask questions on behalf of their constituents.

“You will receive info mid-week next week,” said an April 25 email from Jonathan Satter, secretary of the Florida Department of Management Services.

The recipient was Melbourne resident Blake Moia, a contractor for an event production company, who had emailed asking for help after his March 15 application was rejected. He reapplied on April 25.

“Mid-week next week” should’ve happened two weeks ago. Checking his still-pending application feels now like an exercise in futility — that’s if he’s able to log into the state website without getting booted off.

“I stopped checking for the most part because I kind of gave up, Moia said.

The problem is giving up, while perhaps the only way to deal with a tortured wait, isn’t an option people like Moia can afford right now.

UPDATE: Blake Moia finally got his application approved, and this week received $226.

ISADORA RANGEL, VIERA

Editor’s note: Rangel is FLORIDA TODAY’s public affairs and engagement editor and a member of the Editorial Board.

Source link

Continue Reading

Workers

Las Vegas gig vet says system ‘doesn’t fit what we do’

Published

on

By