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Industries
Fintech
Healthcare
Legal
Company Size
51-200
Company Stage
Series A
Total Funding
$17M
Headquarters
New York City, New York
Founded
2019
Wingspan provides a platform that simplifies business operations for freelancers and self-employed individuals. The platform includes tools for invoicing, expense management, and tax handling, along with customizable templates for contracts and proposals to help maintain professionalism. A key feature is the Pro plan, which offers access to a Care Advocate to assist users with healthcare options and provides custom insurance and benefits packages, similar to those available to employees of larger companies. Wingspan operates on a subscription model, starting at $20 per month, and partners with agencies to manage payments and compliance for 1099 contractors. The goal of Wingspan is to streamline the administrative tasks of freelancers, allowing them to focus more on their work.
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Total Funding
$17M
Meets
Industry Average
Funded Over
2 Rounds
Industry standards
Flexible Time Off
Stock Options
Home Office Stipend
401(k) Company Match
Wellness Program
The rise of the gig economy has transformed work for millions of individuals. From freelance creatives to ridesharing drivers, gig workers are pursuing financial independence on their terms, redefining the traditional notions of employment. However, achieving financial security in a flexible work environment can be challenging due to inconsistent income and complicated tax and benefit systems, posing significant hurdles for gig workers today. In this dynamic landscape, traditional financial institutions (FIs) have struggled to keep pace, leaving a void that FinTech firms, platforms and smaller banks are now trying to fill
Wingspan, the first payroll platform purpose-built for flexible workforces, today announced it has raised a $14 million Series A led by Andreessen Horowitz, bringing its total capital raised to $23.5 million.
Wingspan, a New York-based provider of a payroll platform purpose-built for flexible workforces, raised $14M in Series A funding.
In the wake of the pandemic, more and more companies are relying on independent contractors to sustain and grow their businesses — and more people are turning to freelancing. According to a Fiverr poll, 45% of businesses are using more freelancers than before the pandemic. And Fiverr rival Upwork found that 39% of the U.S. workforce, or 60 million Americans, performed freelance work in the past year — a three-percentage-point increase from the year prior.One of the major challenges for companies drawing on the gig economy is managing payroll and benefits. In fact, one survey found that three out of every five gig workers lose earnings because of technical difficulties clocking in or out. Inspired to solve it, Anthony Mironov and Greg Franczyk founded Wingspan, a payroll platform aimed at firms employing mainly freelancers.Mironov came from the finance world, having spent several years as a private equity analyst, associate and consultant
Pacesetter Claims Service, CIS Group and CRU GROUP, which all serve insurers with outsourced P&C claims and underwriting solutions, are partnering with Wingspan, a software company revolutionizing payments and benefits for enterprises committed to providing better support for critical freelance workers.
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Industries
Fintech
Healthcare
Legal
Company Size
51-200
Company Stage
Series A
Total Funding
$17M
Headquarters
New York City, New York
Founded
2019
Find jobs on Simplify and start your career today