Avail Finance launches ‘Assist’ for gig-economy platforms in India

Bengaluru: The gig economy neobank, Avail Finance has launched a specially designed COVID-19 support-package called ‘Avail Assist’ for gig-economy platforms in India.

This offering will help gig-economy companies across e-commerce, food delivery, logistics, mobility and transportation, offer financial support to their on-ground workforce who are not eligible for employee benefits.

A large part of the gig economy workforce is dependent on daily earnings to support themselves and their families, and these challenging times pose a severe strain on the liquidity and medical needs of this under-served segment.

Under “Assist” a loan product offers an end-to-end customised service-suit for loan life cycle management. Any employer can launch the program within two days because of Avail’s ready-to-use technology infrastructure. This will help the employer’s workforce get instant loans that have a repayment-holiday through the pandemic. (IANS)

Also Read: ‘COVID-worried’ German State Finance Minister Thomas Schafer found dead

Also Watch: Sale of vitamins and other nutritional products rise due to coronavirus scare