It was a short week and that was reflected in the amount of news we covered in fintech land last week. But there was still plenty to talk about, including Clair’s raise, some allegations against Deel and exclusive post-SVB growth numbers shared by banking services startup Mercury.
On-demand pay gets a boost
Some 82% of people are considered frontline workers who work on shifts and are likely paid hourly. The global pandemic shed a light on these workers when their fatigue and burnout resulted in “The Great Resignation” of hundreds of thousands of workers who left their jobs after feeling disrespected by employers and customers, as well as feeling they weren’t making enough money, according to a Pew Research study.
This ignited the tech sector — and subsequently the venture capital market — to build modern solutions to help employers give the …
