gigaroo raises $2.5m in pre-seed funding to revolutionize GenZ financial stability

gigaroo raises $2.5m in pre-seed funding to revolutionize GenZ financial stability

Published: 03-07-2023 11:14:00 | By: Pie Kamau | hits: 3515 | Tags:
Financial Services
Fintech
July 2023
Tech
USA
Venture Capital & Private Equity

gigaroo, an innovative startup dedicated to empowering GenZ individuals with financial stability, announced it has successfully raised $2.5 million in pre-seed funding. Since its app launch in early January, the company has garnered a substantial user base of thousands of GenZ individuals and is working with dozens of service industry customers.

Adir Oren, Co-founder and CEO, gigaroo: "At gigaroo, we are devoted to equipping GenZ with the tools, resources, and opportunities needed to thrive financially. Our AI-powered app serves as a bridge, connecting GenZ with flexible service industry job options that are aligned with their lifestyle. By providing next-day payments, we enable them to access their earnings promptly and plan for both short-term obligations and long-term goals."

Looking towards the future, gigaroo has ambitious expansion plans. gigaroo, founded in 2022 by Adir Oren and Yair Almagor, renowned Israeli entrepreneurs, is headquartered in Austin, TX, with its research and development center located in Israel. The company plan to raise its seed round in the coming months.

"We aim to scale our operations in Austin, Dallas, Miami, Boston, and beyond. Additionally, we plan to establish partnerships with the restaurant's point of sale and management systems, helping businesses fill their open positions and help them retain their employees. This approach creates a win-win scenario, as GenZ individuals gain the flexible financial stability they seek while businesses reduce turnover, increase profit, and recover and average of over 200K of their annual lost revenue," Oren  further outlines.

www.gigarooapp.com