Pallo Launches SaaS Platform for Freelancers

Pallo.com, which bills itself as an all-in-one Software-as-a-Service platform for freelancers, launched Monday (Jan. 24) on the website Product Hunt.

“COVID has expedited the transition to remote working as workers nationwide moved from traditional jobs to freelancing,” the company said in a news release. “While being independent allows for creative freedom, flexibility, and financial autonomy, people often feel overwhelmed with managing their finances.”

Read more: Deep Dive: How Real-Time Payments Systems Can Solve Payroll Pains In The Gig Economy

PYMNTS’ own reporting bears this out. As we noted last year, even in the best of circumstances, freelancers often lack the comforts enjoyed by salaried workers: health insurance and paid time off, for example.

They also deal with payroll delays and interruptions. Only 15% of gig workers have enough in savings to cover emergencies, while 29% reported taking out payday loans.

Pallo says its app manages business and personal finances, accounting and taxes in one place, eliminating the need for additional financial software.

The company says it has scaled rapidly during the pandemic, growing its team to 40 members who include veterans of companies such as Intuit, H&R Block, Microsoft and Credit Karma.

Pallo says it’s one of the first U.S. companies to use open banking, which lets customers freely move money between bank accounts within its platform and manage multiple businesses from one account.

“Pallo is built from the ground up with user experience design and security at its very core,” said Adiraj Gupta, co-founder of Pallo.

“We worked with freelancers every step of the way to make sure every click, tap or swipe was intuitive and simple. On average Pallo helps reduce 5-7 applications and subscriptions freelancers might use to run their business. This all-in-one experience has been powerful in saving time and money for the freelancers currently using Pallo.”