“Can an API-first embedded 1099 payroll platform become the payments and compliance infrastructure layer for every platform that manages gig economy contractors?”
Founded in 2014 as a payroll platform for gig economy workers, Gig Wage initially focused on helping businesses pay 1099 contractors quickly. Over time it evolved into an API-first embedded 1099 payroll infrastructure provider, enabling other platforms to white-label contractor payment and tax compliance into their own products. The company suffered disruption from the 2024 Synapse/Evolve Bank collapse but relaunched with new banking infrastructure and raised a Series A extension, positioning itself as the go-to embedded payroll layer for the 1099 economy.