Jump raises 12M to give freelancers benefits like employees
Jump offers full-time employment contracts for freelancers who are looking for stability and benefits of a permanent job. It only acts as an administrative companion and workers remain independent — they can work with multiple clients and negotiate their contracts directly.
Breega is leading today’s funding round, and Index Ventures and Raise Ventures are also participating. Jump raised EUR4m (approximately $4.5m) in 2021. After signing up, freelancers are able to bill customers and create payslips at the end each month. The freelancers are able to set a salary that is consistent throughout the year, even in the slow summer months. Jump offers health insurance through Alan, meal vouchers through Swile, and access to employee saving schemes. A permanent contract can be very useful in France when you are trying to negotiate a mortgage and buy a house. Jump costs EUR99 a month and corporate contributions are taken out of your pay. Money is only one factor in the equation of being a freelancer. I can imagine many freelancers would love to have the best of both worlds: full-time work and freelancing. The startup recently launched a free offer for new freelancers. The startup offers a professional bank account that includes a virtual card for Apple Pay and Google Pay. There are also a handful of software features to help you bill your first clients, such as a built-in invoicing tool and a dashboard to track your financial performance.
“It’s pretty much in line with how freelancers work: They often get started with the basic French freelancer status, and then switch to another status when they begin to feel the limits of their freelancing status and they have enough revenue,” said Nicolas Fayon, Jump’s co-founder and CEO (pictured above).
In the future, Jump wants to be able to support more independent workers, as it now caters to software developers, data engineers, project managers, creative consultants and sports coaches.
For instance, it wants to support B2C sellers, such as “businesses that bill consumers via Stripe using online payments or physical payment terminals,” Fayon said. Jump wants to support more independent workers in the future, such as software developers, data engineers and project managers. It also wants to support B2C sellers who bill consumers via Stripe using online payments or physical payment terminals.
