Trezeo - finance for freelancers
by Startacus Admin
For the self-employed, keeping your finances in check can be that bit more difficult. Without a steady, reliable income, bills and other regular outgoings are a constant worry and can be difficult to pay on time some months.
Freelancers can often find themselves having to use bank overdrafts and loans in order to stay on top of things. Fees and interest mean that this is not a viable route in the long term, and can end up being even more expensive, and creates a vicious circle, and nobody likes that kind of geometry. Wouldn’t it be nice if there were some kind of FinTech startup that saw this issue and decided to do something about it…?
Trezeo is such a startup (we’re confident you didn’t see that coming)!
The idea of Trezeo is to keep a freelancer’s income consistent, easing the aforementioned stress that comes with such irregular, unpredictable cashflow.
It does this by paying you the freelancer a fixed monthly amount - directly into your bank account - based on your average income. If the freelancer makes more than that average, the extra will be added to a savings account. If you make less than the average, Trezeo will provide a cash advance to make up the difference. This difference comes with no extra fees or interest, and will be paid back from future income. There is one fixed, monthly subscription fee for the service, with no additional fees or charges.
This Dublin-based FinTech startup, which is launching its UK pilot this month, was recently named the overall winner of the NDRC Investor Day 2017 because of the huge difference it could make in the current gig economy. Before that, they won the Payments Dragons’ Den competition at PayExpo Europe in London. These achievements are hardly surprising, given the positive effect Trezeo’s business stands to have on freelancers and the gig economy.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Frolo is a social networking app on a mission to connect single parents to likeminded single parents living in the same area.
Know Your Money, the independent financial comparison website, recently conducted research to find out which UK cities are best to start a business outside of the capital.
University digital academy SurreyIDEA, to scrap tuition fees like a conventional university, for investment in their students’ enterprises.
Starting up a business is difficult. To help, here are 5 things you need as a startup business.
Creating a website can be both costly and time-consuming. So here's 7 ways you can build a budget-friendly website.
Premium fashion resale service Cudoni secures £1.4m investment to support brand growth internationally at a time when the secondary fashion market is booming fuelled by consumer concerns for sustainability.
ESTHER, a pocket-to-pocket giving app which allows a user to give directly to an individual living in poverty, wins an all-expenses paid trip to New York.
The FinTech startup that's using blockchain to make the financial side of filmmaking easier
The London based startup that's created a game that inspires children to code and teaches professional programming skills.
So much is written about how people should go about starting a business, but little is said about whether someone should start one! These are the question we should be asking...
Published on: 19th November 2017
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- ESTHER set for success with New York prize 24th Jun 2019 ESTHER, a pocket-to-pocket giving app which allows a user to give directly to an individual living in poverty, wins an all-expenses paid trip to New York.
- Experiential learning initiative mTech.Academy to build on year 1 success 20th Jun 2019 NI experiential learning initiative mTech.Academy announces plans to expand it's programme for the 2019/20 academic year.
- Stashbee announces £1.6m funding round on Seedrs 17th Jun 2019 Stashbee, the online sharing-economy platform for storage space, has announced a £1.6m funding round on leading European investment platform Seedrs.
- The upSTART finalists at Digital DNA 2019 13th Jun 2019 upSTART, the startup pitch competition at Digital DNA 2019 will see over 20 disruptive NI-based startups pitch to determine who will win an all-expenses paid trip to explore the New York tech scene.
