← State of Embedded Finance 2026

Amazon Flex

Can Amazon embed just enough financial services (insurance, retirement, payouts) into its gig-driver platform to reduce attrition and regulatory risk while keeping drivers classified as independent contractors?

Founded2015
HQSeattle, Washington, USA (UK operations via Amazon EU)
Total raisedPublic company (Amazon Inc., NASDAQ: AMZN)
Latest roundPost-IPO
IndustryMarketplace / Gig economy
The story

Amazon Flex is Amazon's gig-economy delivery arm, launched in 2015 to build a contractor-based last-mile delivery network. Drivers are classified as independent contractors, earning per delivery block with no employer-side payroll tax obligations. The UK programme (flex.amazon.co.uk) mirrors the US model. The embedded finance story centres on insurance (Zego provides pay-as-you-go commercial auto cover for active delivery blocks in the UK), retirement access for DSP-affiliated drivers via Vestwell, and Amazon's self-operated payments infrastructure for disbursing driver earnings.

Last 12 months
2025-06
2025-07
Product timeline
2015
Amazon Flex launched in the US, allowing independent contractors to deliver Amazon packages using personal vehicles.· pivot
2016
Amazon Flex expanded to the UK market via flex.amazon.co.uk.· banking
2018
Amazon launched its Delivery Service Partner (DSP) program, partnering with small businesses employing contract drivers.· pivot
2025
Vestwell announced partnership with Amazon's DSP program to offer pooled employer plan (PEP) 401(k) retirement solutions to nearly 400,000 US contract delivery drivers.· banking
The stack
Payments / PSP
Amazon Payments (self-operated)
Insurance
Zego
Accounting gap: none