RSG219: Paying Gig Workers Even Faster

Listen to this episode on your phone here.

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

Show Notes

RSG 207: Uber x Taxis

RSG194: Delivering Cannabis with GrassDoor

Visit Lean’s Website

Find Tilak on LinkedIn