Toronto fintech startup, GIGAMATIC has just been accepted into MIT's CSAIL startup alliance, and will be working with the world's brightest minds in Computer Science and Artificial Intelligence Laboratory, in Cambridge, Massachusetts.
TORONTO, Sept. 26, 2022 /PRNewswire-PRWeb/ -- GIGAMATIC, is a work-wallet platform for gig-workers, contractors, entrepreneurs, and full-time employees. Using IBM technology, it uses Blockchain and Artificial Intelligence to allow people to self-manage their work administrative tasks such as banking, health insurance, and taxes. Using Machine Learning, it recommends financial and health insurance products and offers the best matched products in their marketplace that are specially tailored for each user. This allows for a more competitive environment of rates from service providers, and also offers new products from fintech and insurtech companies that offer unbundled products for lending and insurance.
This Canadian startup is at the edge of innovation and decentralized finance, and is leading the traditional financial and insurance industries. They are on a mission to change the world and level the playing field between gig-workers and full-time employees. They aim to close the gap in financial fairness as well as provide a social safety-net for the underbanked and underinsured.
As a result of their alliance with MIT, they will receive mentorship and guidance from PhDs about technology and business strategy. They will also work directly with MIT students who will recommend best practices and help implement solutions. With the likelihood of a future Board of Directors from MIT, this company is squarely positioned for a successful launch.
It's still early days for them, but considering their team is built from enterprise banking and insurance companies, they certainly have the right set of skills and experience to achieve their mission. We expect this company raise some significant rounds in the next couple years, add them to your watchlist.
https://www.linkedin.com/company/gigamatic
Media Contact
Mathew Graham, GIGAMATIC, 1 6472073765, [email protected]
SOURCE GIGAMATIC
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