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In this episode, I’m excited to chat with Tilak Joshi about Lean, which connects gig workers to instant pay – with no fees! Lean also has some other cool products, which I see as a win-win-win for drivers and gig companies. I talk with Tilak about the gig economy, how Lean’s instant pay works, which companies Lean works with, and more.
Intro to Tilak Joshi
- Founder and CEO of Lean
- Formerly Head of Mint
- Bringing expertise tailored-made for gig workers
How the Gig Worker Pay Cycle Works Now
- Typically takes a week to get paid
- Instant pay is traditionally more expensive because of credit cards
- That’s why getting instant pay generally costs more
How Lean Came About
- Learning more about the industry, found a need for this
- So many challenges in the gig economy and financial system
- Put knowledge of FinTech to solve these problems
Partnerships with Lean
- Flywheel partnership – more than taxis
- Almost an entire 100% opt in rate
- Has helped drivers collect payments and get access to loans
- Low cost loans
Next Steps
- Improving the financial challenges 1099 workers face
- Looking to partner with more companies (health care staffing, trucking, etc.)
- Lean works with all types of companies and is a win-win-win
