![]() In this article, we’ll help you learn more about Giggle Finance, how their financing works, and whether you should apply for a cash advance today or in the future. Giggle Finance is one of these startups, with a growing number of positive Google reviews. Traditional financial institutions prefer to see a pay stub and steady income provided by a large company with a large number of employees.įortunately, an increasing number of fintech companies are filling this void by offering 1099 contractors and small business owners easier access to money with significantly less paperwork. If you’re one of these hardworking individuals, you’re probably aware of how difficult it is to borrow money from a local bank. So it's really a matter of tackling the IC debate state by state, which will take time and $$ but ultimately only going to get easier as they roll through the country.Almost half of all workers in the United States make a living as freelancers, small business owners, independent contractors, or small business owners. They don't have any federal support on the labor side (though that could change in a couple years) but remember that Prop 22 passed overwhelmingly in CA (bluest of the blue states). □ Some have pointed to labor disputes as 'Uber's biggest threat', but I wouldn't be too worried here. So they're more than willing to pay whatever it takes, and couple that with a higher supply of drivers, and Uber has been able to grow, while increasing their margin. But I think the biggest reason why Uber has been able to get profitable is because customers do not have viable alternatives during times of peak demand (would you call a friend to pick you up from the airport these days?!). So consumer demand is strong and steadily growing. ![]() ⚡ Uber did 2.4 billion trips last quarter, or more than 1 million trips per hour. Definitely aligns with the complaints we're hearing from drivers about 'too many damn drivers being on the road'. Good for Uber but this is bad news for drivers as more supply means more competition and lower hourly earnings. □ Uber now has 6.5 million drivers and couriers, so supply is at an all time high. Here are a few things that stood out to me: Q3 earnings came out yesterday and Uber reported their second straight quarter of profitability with $221m in net income. I think it's safe to say that Uber is now a profitable company. #Autority #Automotive #Rideshare #GigEconomy Listen to the full episode wherever you listen to podcasts! The suppliers, such as parking lots, insurance companies or car washes pay Autority a commission, and users pay nothing. Users pay a small commission for payment for public services, such as registration or tickets. □ The point of the app is to help users save time. □ The average driver in Latin America spends $6,500 a year on their vehicle, between financing, parking, tickets, and registration. ![]() They are working on expanding to Mexico, and have their eyes on the United States, but no explicit plans yet. □ The app currently has 60,000 users and began in February 2022. □ On the latest episode of The Rideshare Guy Podcast, I chat with Juan Bernardo Proaño, the brain behind Autority.io, and how his app is changing the way Latin Americans manage automotive expenses.Ĭurrently shaking up Latin America's payment system – with eyes on the US market – Autority acts as a digital command center for everything automotive related, from financing to fines, tolls to parking.
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