FinTech news in Hourly.io category

Others that have raised money to grow their businesses include team management app Homebase; Fountain for sourcing and hiring hourly workers; another platform for matching shift workers to employers, Shiftsmart; Wagestream, a financial ‘super app’ for waged workers; When I Work to manage shift scheduling; and many others. In one of the latest developments, Hourly.io — which has built an app that tracks working hours, generates payroll, and then calculates and assigns workers compensation insurance to individuals based on that — has closed in on $27 million in funding. Hourly says that its revenues — based on two service tiers with varying levels of features for $40 plus $6/worker/month or  $60 plus $10/worker/month — have been growing 20% month-over-month although it does not disclose actual revenue numbers. They’ve included a growing regard for this segment of the workforce (this one really stood out during the Covid-19 pandemic where front-line workers were seen for the essential role they play to show up for work to keep the wheels of life turning while the rest of us sheltered in place).