Able, the first income management platform designed for the new economy of independent workers has raised $3.29 million in seed funding led by Elefund with additional backing from Moonshots Capital, Next Coast Ventures, Signal Peak Ventures, and U.K. based LocalGlobe. The funding will help launch Able into the estimated $100 billion creator economy total market.
Launching as a mobile app, Able is a central hub for independent workers to manage the entirety of their uniquely complex financial lives, providing the benefits of traditional employment while unlocking the freedom and flexibility of freelance work through a simple and elegant user experience.
“We are looking to make a genuine impact on the financial lives of current and future generations of independent workers worldwide, without bias. Especially for historically disenfranchised demographics, we have built a tool that can help people better manage their income and significantly improve their financial literacy. Our goal with Able is to improve independent workers’ financial lives with the simplicity of text messaging.”
“The fact that some of the most impressive, successful creators have joined to invest in Able is proof that the founders have already built a trusted brand that’s doing something incredibly valuable for independent workers. Able is truly the right brand at the right time for the future of work.”