Freelancers FinTech Archie launches following $4.5m raise

Archie, a company helping to build the financial infrastructure for the freelance economy, has officially launched to help firms onboard, manage and pay independent workers.  

Archie’s first product is a collaboration hub that supports companies in accessing the freelance economy in a highly competitive environment. Prior to Archie, many businesses and freelancers had to rely on highly fragmented and manual workflows to source each other.

The company claims that through its platform, businesses can digitally collect the information they need from freelancers – such as invoices and contracts – as well as keep track of project deliverables and time spent, pay freelancers with one click and manage year-end tax filings.

Archie claims it is ‘industry-agnostic’ and works with companies across a wide range of industries including healthcare, education technology and DTC/e-commerce.

Alongside the product launch Archie also raised $4.5m in funding. The capital was secured from investors including B Capital Group, Worklife Ventures, Hof VC, Day One Ventures, Dash Fund and Mac Ventures as well as from the founders of BloomTech, Eight Sleep, Cameo, Blank Street and Ramp.

Archie co-founder Yunas Reguero said, “People want to join the freelance economy but are scared of all the financial obstacles. “At the same time, businesses are increasingly relying on freelancers but the tools to tap into this economy are stuck in the past. We’re building the onramp for both sides to unlock the magic of the freelance world. With all these new and decentralised ways of both working and earning, we are excited to bridge that gap and accelerate trends in freelance hiring.”

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