AllWork secures $4.9m in Series A haul


AllWork, a New York-based freelance management and payments platform provider, has scored $4.9m in a Series A funding round.

The round was headed by Fintop Capital. Following the round, Rick Holton and Chris Haley will join the AllWork board of directors.

AllWork claims it is a total freelancer management and payments platform. The firm helps companies more efficiently manage and pay every type of freelancer they need for their business including all hourly, consulting, contract, and project-based workers for both short and long-term assignments across all job functions, departments, and roles.

The firm said that by providing one streamlined platform for total freelancer management, businesses can leverage the new ‘modern workforce’.

According to AllWork, it intends to use the newly raised capital to expand its software, team and payments services.

X1, a US-based smart credit card provider, has secured $15m in a Series B funding round led by Soma Capital.

The round also saw participation from individual angel investors such as Kyle Vogy and Brian Kelly.

X1 claims it is the ‘smartest credit card ever made’ and is built with 17g of stainless steel and laser etching technology.

The company said it harnesses the power of technology to offer smart credit limits, an ‘unparalleled’ rewards program and automated features that it believes will ‘transform the way you shop and spend’.

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