Singapore-based fintech Friz has joined forces with embedded finance provider MatchMove to offer a neo-banking platform for freelancers.
The platform is designed for the creator economy to offer them a one-stop solution for their financial needs.
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It seeks to provide freelances ‘seamless’ access to financial services and a cash-management system.
Due to the nature of their job, freelancers have limited access to credit. Friz partners with lenders to offer project-based workers a credit line.
The tie-up will see Friz using MatchMove’s “MoveFast” product solution to top-up customer’s wallets in ‘real-time’.
MatchMove-enabled Mastercard-branded virtual cards will enable Friz to offer credit to freelancers, allowing them to pay only for the amount they spend.
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By GlobalDataThe cards can be added to Google Pay as well.
Currently, the offering is available in Singapore. Friz has plans to expand in other Southeast Asian nations by leveraging MatchMove’s regional capabilities.
Friz co-founder Nirali Zaveri said: “Partnering with MatchMove allowed us to have faster access to the market. We value MatchMove’s commitment to financial inclusion in Southeast Asia.”
MatchMove chief commercial officer Amar Abrol said: “We are excited to partner with Friz, enabling them to offer financial services to a fast-growing and essential segment of the workforce today – freelancers.
“We share with Friz a mission to increase financial inclusion and we believe that our advanced product offering will enable Friz users to benefit from a unique and seamless embedded finance experience.”
