
Workmade
Automated finance and tax management for freelancers.
Date | Investors | Amount | Round |
---|---|---|---|
investor investor investor investor | €0.0 | round | |
investor investor investor | €0.0 | round | |
$5.5m | Seed | ||
Total Funding | 000k |
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Workmade provides a financial technology platform specifically designed for the self-employed, freelancers, and individuals in the gig economy. Founded in 2022 by Nick Simpson and based in Brooklyn, New York, the company offers an integrated mobile application that simplifies financial management.
The core of Workmade's service is its all-in-one app that combines digital banking, bookkeeping, accounting, and tax management. The platform uses artificial intelligence to automate financial tasks, such as tracking income and expenses, identifying tax write-offs in real-time, calculating tax obligations, and managing payments at the local, state, and federal levels. This automation is designed to save freelancers time and reduce the need for external accountants. The company operates as an internet-first bank through a partnership with Lincoln Savings Bank, Member FDIC.
Workmade's business model is geared towards the expanding freelance market. It provides users with a business bank account and a Mastercard Business Debit Card, which can also function as a digital business card using NFC technology. The app facilitates payment acceptance through various methods like ACH, Apple Pay, and Cash App, and allows for the creation of customized invoices. Revenue is likely generated through subscription fees and transaction charges. The company has secured seed funding from investors including M13, Slack Fund, and Vitalize Ventures.
Keywords: freelance finance, self-employed banking, automated tax filing, expense tracking, bookkeeping app, digital banking for freelancers, invoice management, gig economy financial tools, AI-powered finance, payment processing, tax write-offs, business banking, financial management app