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Green Dot Invests in Gig Wage to Serve Underbanked Workers

  • Partnership will offer suite of services to gig employees
  • Black Lives Matter rally brought their mission into focus
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California-based bank Green Dot Corp. is partnering with and investing $2.5 million in Gig Wage to offer services like debit cards and money management to gig workers, many of whom are among the tens of millions of unbanked and underbanked Americans.

According to the Federal Reserve, 16% of adults were underbanked in 2018, meaning they had a bank account but also used alternative services like payday lenders and check-cashing services -- solutions that Gig Wage founder and Chief Entrepreneur Officer Craig J. Lewis called “predatory.”