An Intuit report found that gig workers represented 36% of the American workforce in 2016 and that figure will grow to 43% by 2020.
Citigroup's investment arm led a $28 million funding round in a San Francisco-based software company that helps creative freelancers manage their finances.
The investment arm of Citigroup is backing a software company that's aimed at helping freelancers manage their bills and projects. HoneyBook, co-founded by a married couple, Oz & Naama Alon, makes a client management software that is geared towards small businesses in creative industries like photography, web design, and wedding planning. It utilizes other fintech tools like Stripe to streamline time-consuming processes from capturing leads and delivering proposals to processing payments.
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Goldman Sachs is down but not yet out in the GulfAbu Dhabi fund Mubadala says it won’t hire the Wall Street bank due to the 1MDB scandal. With the UAE a key part of regional fees, further sovereign fund blackballs would hurt. Still, Goldman has other markets, and a similar spat between Citi and ADIA didn’t cause lasting damage.
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Hot AI software startup Skymind used this pitch deck to raise $11.5 millionSkymind's software helps enterprise's AI systems tap into their stores of data.
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