Portify, the London fintech startup that offers an app and various financial products to help gig economy and other modern, flexible or “self-employed” workers better manage their finances, has raised £7 million in Series A funding.
Founded in May 2017 by EF alumni Sho Sugihara (CEO) and Chris Butcher (CTO), Portify has set out to help address the financial volatility many modern works face, especially those who take part in flexible work or the so-called gig economy, or are self-employed in other sectors such as tradespeople or those in the creative industry.
“If you weren’t working for a select partner platform, you couldn’t access the app,” says Portify co-founder and CEO Sho Sugihara.
But once we started working closely with our initial users, we realised that while being modern workers, many of them also fell into the ‘credit invisible’/thin file segment, lacking access to basic financial products.
“To make sure we fulfil our mission of financially including all thin file modern workers, we felt it important we make our app as accessible as possible,” he explains.