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.
unplugged is a startup that's on a mission to help you unplug from your devices so that you can completely recharge.
Matter is an innovative startup on a mission to develop pioneering technology solutions for capturing, harvesting and recycling microplastics.
New initiative from Young Enterprise NI and the Department of Education aims to inspire future innovation and creativity from Northern Ireland's young people.
Looking for ways to attract new employees to your startup? Here are some tips to help entrepreneurs entice talented candidates.
 - In cradle 2.3.png)
Retinal imaging specialist epipole target US growth following £1.3m fundraise and appoint new CEO to accelerate the commercialisation of epiCam.
Need some support to validate your startup and get investor-ready? The Raise Spring Accelerator programme is open for applications and will give you just that!
xigxag is a Cornwall-based startup that has created an innovative audiobook app offering great prices, no subscriptions and exclusive access to their listen-and-read x-book®.
The lowdown on Kanda, the fintech startup that's on a mission to help tradespeople build their businesses and win better work.
Submer secures investment to support expansion and growth of its innovative energy and water saving technology.
It may still be a pretty challenging and stressful time for businesses. However, here are a few basic tips that should help...
Published on: 19th November 2017
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Innovation 2121 aims to inspire young people to help shape Northern Ireland’s next 100 years. 21st Jan 2022 New initiative from Young Enterprise NI and the Department of Education aims to inspire future innovation and creativity from Northern Ireland's young people.
- Imaging experts epipole secure investment to support US growth 20th Jan 2022 Retinal imaging specialist epipole target US growth following £1.3m fundraise and appoint new CEO to accelerate the commercialisation of epiCam.
- Early stage tech startups sought for Raise Spring Accelerator programme 18th Jan 2022 Need some support to validate your startup and get investor-ready? The Raise Spring Accelerator programme is open for applications and will give you just that!
- Planet First Partners backs cooling tank technology that reduces data centre climate impact 18th Jan 2022 Submer secures investment to support expansion and growth of its innovative energy and water saving technology.
