A financial tool for South Africa’s gig workers left out of formal banking systems
- Brown Financial Services was founded to address the financial needs of South Africa's gig workers.
- The startup launched a fuelling loan and credit card specifically for ride-hailing drivers.
- Drivers can access short-term loans ranging from R1,000 to R5,000 to cover fuel costs.
The emergence of Brown Financial Services highlights a significant gap in the financial market for gig workers, particularly in developing economies. By providing tailored financial solutions, the startup not only addresses immediate needs but also sets a precedent for future innovations in financial services for non-traditional workers. Continued support and investment in such initiatives could lead to a more inclusive financial ecosystem.
