MyGigsters Enters India as Australian Fintech Bets Big on the Future of Work

An Australian financial platform, MyGigsters, has declared its official debut in India. The company, which has its headquarters in Melbourne, offers integrated financial infrastructure designed specifically for gig platforms and markets. Operators can easily enrol, verify, pay, reward, and safeguard their independent workers with the platform, which helps them grow legally while enhancing employee satisfaction and retention.

With the support of South Australia's Department for Innovation & Skills, Launch Vic (Government of Victoria), and top venture capital firms like Startmate and Antler, MyGigsters has already demonstrated its business model in Australia, Singapore, and the Middle East. An important stage in the company's goal to assist 10 million independent workers in achieving financial independence by 2030 is the entry into India.

MyGigsters Bets High on India’s Strong Gig Wrokforce

According to industry forecasts and NITI Aayog data, India's gig economy is expected to increase from its current workforce of over 12 million to 62 million by 2047, with an annual growth rate of 17%. By 2030, it is expected to contribute over INR 12 trillion to the country's GDP. India is key to the global evolution of the gig economy, according to Benjemen Elengovan, founder and CEO of MyGigsters. From here, the next generation of marketplaces in consulting, services, logistics, and healthcare will arise. MyGigsters wants to provide these platforms with the resources they need to legally manage their workforces and enable all independent contractors to achieve financial independence.

MyGigsters' entry into the Indian market is a prime illustration of how Australian fintech innovation is assisting India's digital economy objectives, according to Mary Overington, trade and investment commissioner for the Australian Trade and Investment Commission. Through technological cooperation, the commercial link between Australia and India is still thriving, and we applaud MyGigsters for their initiative in the field of the future of work.

MyGigsters India Expansion Roadmap

MyGigsters already collaborates with a number of rapidly expanding platforms. Furthermore, ten additional marketplace collaborations, including logistics, healthcare, creator, and on-demand services, have been signed by MyGigsters around India, indicating a growing need for scalable financial infrastructure for the independent-workforce economy. Important financial alliances in India were also announced by MyGigsters. Gig and platform workers can benefit from rapid payouts, early pay, and credit products powered by DigiMoney Finance (NBFC), a collaborative collaboration that improves financial security and liquidity.

 Gorav Gupta, co-founder and director of DigiMoney Finance, a fintech NBFC, stated, "The integration with MyGigsters positions us to capture an underserved market of platform-based income earners, delivering data-driven credit solutions and embedded financial services through a scalable, compliance-first infrastructure." The Indian government is now laying the groundwork for quick formalisation by providing financial-benefit and social-security frameworks for independent contractors.