KyckGlobal is rolling out its blockchain-powered human resources and funds disbursement portal designed to make it easier for companies to pay their freelance workers.
In a press release Tuesday (Feb. 19), KyckGlobal said it has rolled out is platform for businesses to strengthen their relationship with 1099 workers by simplifying payouts and boosting transparency in the payment, tax management and document storage process.
The platform supports same day ACH, prepaid card, cash and debit payments to PayPal, Bitcoin, and other payment methods for on-demand workers to receive compensation. The workers themselves can direct their funds to different accounts each payment cycle, while managing their entire revenue as a 1099 worker on a single portal. Workers can also request payment from employers.
In addition to announcing its launch, KyckGlobal said it has secured $8 million from angel investors and venture capital firm TechOperators. It has also landed a partnership with Astral Brands’ Aloette Cosmetics, which will begin using the KyckGlobal platform to pay its on-demand workforce…. CLICK HERE TO READ THE FULL STORY!