Gigacover Expands to the Philippines to Boost the Gig Workforce’s Financial Healthby Fintech News Philippines December 3, 2021
Singaporean financial health platform Gigacover announced its expansion into the Philippines to offer more inclusive insurance and healthcare options tailored for the local gig workforce in partnership with Etiqa and Aventus Medical.
The company said that flexible and cost-effective group insurance and healthcare options will also be offered to employers.
Gigacover starts its market entry with logistics platform Gogo Xpress powered by QuadX as well as entrepreneurship and freelancing group Filipina Homebased Moms (FHMoms) as its first customers, collectively representing 20,500 workers and aiming to serve 100,000 informal workers in the Philippines by Q2 2022.
In addition to its existing suite of products, Gigacover will also be launching financial services products in the Philippines in Q1 2022.
With an office located in Makati, Metro Manila, Gigacover’s Philippines operations will be managed by a team of 20, and will be headed by Sebastian San as Country Manager.
Sebastian brings with him a track record of success and a clear understanding of the needs of the gig workforce, being personally involved in driving sustained growth for Gigacover Singapore.
He will oversee all aspects of the business for Gigacover Philippines, and will also work towards doubling local headcount by the end of 2022 to support its in-country expansion efforts.
“We are excited to play a leading role in providing inclusive benefits and improving the social security of the Philippines’ gig workforce.
Beyond just a typical insurance provider, Gigacover is a financial platform that works with insurance companies and financial institutions to provide benefits tailored to the gig workforce in Southeast Asia,”
said Amerson Lin, Co-Founder and CEO of Gigacover.
Featured image: Edited from Unsplash