FinTech startup Trampay gains $250K boost to empower Brazil’s gig economy

FinTech startup Trampay gains $250K boost to empower Brazil's gig economy

Trampay, a pioneering FinTech dedicated to serving gig workers, has successfully secured a $250K pre-seed investment from Potencia Ventures.

The investment was sourced from Potencia Ventures, a firm known for its commitment to fostering innovative solutions within the gig economy, according to a report from Latam List.

Trampay’s core mission is to offer personal financial services, low-interest micro-loans, and employment benefits tailored specifically for gig workers in Brazil. This demographic, often underserved by traditional financial institutions, benefits from Trampay’s commitment to providing sustainable income opportunities. By facilitating access to essential financial services, Trampay addresses the critical needs of gig workers, empowering them to manage their earnings more effectively.

With the new influx of funding, Trampay has set ambitious goals for expansion and innovation. The company plans to utilize the capital to significantly grow its user base, enhance its technological infrastructure, and introduce physical payment options, such as credit and debit cards.

In a statement reflecting the company’s vision and future objectives, Trampay CEO Jorge Junior expressed optimism about the impact of the investment, “Since joining Potencia UP, we have grown 7x. With the investment our goal is to reach 50,’000 gig workers.” T

Itali Collini, Principal at Potencia Ventures, added, “As part of the lower-income class in Brazil, app delivery drivers often do not qualify for credit lines. With Trampay, the driver can receive payment for deliveries made on the same day, allowing expenses for food, fuel, and maintenance to be covered as needed.”

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