MyGigsters
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Benjemen Elengovan

GiGFi - Unlock financial security for gig workers via DeFi

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MyGigsters
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GiGFi revolutionises gig economy finances, offering gig workers instant access to earned wages, income smoothing, and the creation of 'employee-like' benefits - powered by DeFi. Empower your freelance life with security, flexibility, and control.

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Benjemen Elengovan
Maker
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Hi Product Hunters! 👋 I'm Benjemen Elengovan, the founder of GiGFi (Product of MyGigster). We're on an exciting journey to secure the financial future of gig workers worldwide. Did you know? A staggering 80% of gig workers face financial insecurity, and 85% lack basic benefits. As former gig workers, my team and I experienced these challenges firsthand. That's why we started MyGigsters. Our story began in Australia, helping Rideshare and Delivery Drivers smartly manage their finances. Now, we've evolved. MyGigsters isn't just an app; it's a movement to empower over 1000s self-employed individuals with tools for tax deduction, income tracking, and more. But we've set our sights higher. Now introduces 'GiGFi', a new product from MyGigsters, that aims to tackle the core struggles of gig workers: 💰Instant access to earned wages ❤️ Smoothing income peaks and valleys ⛱️ Building 'employee-like' benefits for everyone All this is powered by the transparent and community-driven world of DeFi. As we gear up for launch, our goal is to welcome 1,000 early users. Your feedback, ideas, and questions are invaluable to us. Join us in redefining financial freedom for gig workers everywhere! Thanks for being a part of our journey, Benjemen Elengovan, CEO & Founder, GiGFi
Benjemen Elengovan
Maker
Thanks a lot for your kind words @oumaima_acharki
Benjemen Elengovan
Maker
@oumaima_acharki thanks for kind words
Surendhar Ajeeth Prasath
This sounds awesome! Keen to see how 'Employee-like benefits' would work. An interesting use case for Defi. Great going!
Benjemen Elengovan
Maker
@surendhar_ajeeth_prasath Thanks for the support. Great question. Freelancers and gig workers lack access to traditional 'Employee-like' benefits (e.g. leave). GiGFi allows users to create their own 'employee-like' benefits (e.g. 5 days of leave), and the app will allow the user to set aside a % of the earnings into a leave bucket. They control the wallet and can withdraw the funds whenever they want. By nudging and automating a simple saving hack will help gig workers create more 'employee-like' benefits and lead a more balanced lifestyle.
André J
What's income smoothing?
Benjemen Elengovan
Maker
@sentry_co Great question. Freelancers and gig workers face unstable and inconsistent income patterns. Our digital wallet will allow users to save $1000 as a 'Self-loan' facility to top up when their income level is below average. When earnings go up, it will recommend the user to keep aside some money for the 'Self-loan' facility. This automation will create an 'income smoothing' for users and help them build a more stable cash flow. There is no need to borrow money when your income goes down. You can 'Self-loan' it.
Avtar Singh
These kind of solutions are required for the benefit of the Gig community. It is very difficult to manage funds while you're working as a gig worker. Seems to be a revolutionary product in this field.
Benjemen Elengovan
Maker
@avtar_singh17 Thanks for the comment. You are absolutely right. Freelancing offers great flexibility but also pushes you to a more financially insecure lifestyle.
Garjpreet Singh
This sounds to be a best way to get employee like benefits for Freelancers. Eagerly waiting for this.
Benjemen Elengovan
Maker
@garjpreet_singh Thanks for the support and kind words.
Dylan Becher
Great UI on this. Congratulations!
Benjemen Elengovan
Maker
@dylannnn thanks. Credit goes my designer 🧑‍🎨
Bill Kerr
Really excited for this one. 🚀
Benjemen Elengovan
Maker
@the_bill_kerr thanks a lot 🙏