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The gig economy has a champion in Craig J. Lewis .
The Gig Wage founder started the fintech payroll company focused on gig workers and contractors in 2014. Seven years later, the Dallas-based company has raised $13 million in funding and found success in helping 1099 workers navigate their working world, Lewis told Crunchbase News.
The “gig economy” is a free market system in which organizations and independent workers engage in short-term work arrangements. It is estimated that more than 60 million people in the U.S. are gig workers , and that a majority of workers will be by 2027. Meanwhile, the MBO State of Independence study points out that full-time independent workers in the U.S. contributed $1.21 trillion of revenue to the economy.
Based on the current economic environment, Lewis expects this number to only increase.
Lewis spoke to Crunchbase News about the economy, its future and his push for more diversity in fintech. The following was lightly edited for clarity and length. Craig J. Lewis, founder and CEO of Gig Wage. Photo courtesy of Jae Oates. What was the driver behind starting Gig Wage ?
Lewis : When we started in 2014, it was a different company, and then we pivoted. […]