Two of Scotland’s fastest rising tech companies, Know-it and Gigged.AI, have joined forces to help minimise the number of late payments suffered by freelancers working for commercial clients.
Late payments are a crippling problem for freelancers with four in 10 (41%) of clients hiring freelancers consistently paying late in the UK and more than half (55%) of freelancers have done work that they have not been paid for, according to The Credit Protection Association.
Know-it gives freelancers the ability to mitigate credit risk, increase cashflow and reduce debtor days. The automated credit management solution allows users to run business credit checks, monitor changes, automate payment chasing and collect overdue unpaid invoices, all in one place.
Gigged.AI is a platform brimming with talent across the most in-demand tech skills including Software Developers and Data Scientists that allows companies to hire them on- demand. Business can post a gig on the platform and their matching algorithm helps find the best talent. Freelancers can also search for gigs and send proposals or let the platform’s AI find the best matched gigs automatically.
Know-it CEO & Founder Lynne Darcey Quigley says: “Late payments are a massive problem for freelancers in the UK. We’re currently witnessing the rise in the gigged economy with over 2 million freelancers in the UK who contribute approximately £125 billion to our economy. It’s vital that we do what we can to help keep these valuable members of the UK workforce afloat. Know-it will help ensure that freelancers who use the platform get paid quicker for the work they do and boost their cashflow”.
Gigged.AI Co-founder and CEO Rich Wilson adds: “As Gigged.AI build our community of freelancers we proactively seek out partnerships that will add value to them. Most freelancers suffer from late payments especially when they directly engage with a company. We are thrilled to partner with Know-it to help freelancers collect unpaid invoices.”
About Know-it
Know-it is the cloud-based credit management platform with a difference. The platform streamlines the credit control process so you can credit check and monitor, chase for payment, collect overdue unpaid invoices, and more all from one place.
We partner with leading credit agencies and accountancy software such as Companies House, The Gazette, Unsecured Creditors, Sage, Xero, QuickBooks, and FreeAgent. These partners provide us with essential real-time credit information that will help your business to avoid fraud, upload your sales and purchase ledger, and get credit information on the companies that you do business with. In turn, Know-it provides you with a place that brings it all together.
Know-it was founded in 2019 by Lynne Darcey Quigley, who has worked within the debt recovery industry for over 25 years and is also the founder of commercial debt recovery company, Darcey Quigley & Co.
While Know-it works in partnership with Darcey Quigley & Co, Know-it is a standalone company, which works strictly on a B2B basis and does not offer services at consumer level. For more information, please see: https://know-it.co.uk/
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About Gigged.AI
Gigged.AI is accelerating the Future of Work by developing an ecosystem of interlocking products that makes hiring easy for companies and talent in the changing world of work.
Our Open Talent Marketplace was launched in July 2021 with support from Innovate UK. Gigged.AI uses AI and blockchain technology to make it easy to find great freelance talent which ensures more tech projects are delivered.
Our recently launched Internal Talent Marketplace enables enterprises to benefit from internal talent mobility by utilising our AI-driven marketplace to quickly search internal talent before making an external hire.
Since launching in 2021 we have received the following recognition:
– Forbes spotlight
– KPMG Tech Innovation of Year Finalist
– Scottish Edge Winner
– Tech Nation Rising Star 4.0 Regional Winner
Scotland IS Start-up of the Year Finalist
Whether you are looking for your next gig or for top talent to help with a digital project then Gigged.AI ca help. For more information, please see: https://gigged.ai
