Originally Posted On: https://www.equities.com/impact-investing/meet-craig-j-lewis-the-visionary-ceo-transforming-the-gig-economy/

Meet Craig J. Lewis: The visionary CEO transforming the gig economy

In an era where the gig economy is rapidly evolving, one name stands out for his visionary leadership and unwavering commitment to economic empowerment — Craig J. Lewis. His brainchild, Gig Wage, is not just a fintech company. It’s a movement geared towards providing financial stability and upward economic mobility for 1099 workers.

Let’s take a closer look at how Craig’s innovative mindset and strategic initiatives are revolutionizing the way independent contractors get paid and gain access to essential financial services.

Gig Wage: Building a financial safety net

Craig founded Gig Wage with a clear mission in mind — to offer a reliable, convenient way for 1099 workers to get paid. The gig economy is the fastest-growing workforce in the U.S., with an estimated 65 million to 75 million people contributing approximately $2 trillion in economic activity.

However, these workers often face significant financial challenges due to traditional banking systems, which can eat up 5-20% of their income. Gig Wage is dedicated to solving this problem by providing a streamlined, efficient payment platform that benefits both employers and gig workers.

Overcoming significant funding challenges

Securing venture capital is notoriously challenging, especially for Black founders. Despite this, Craig has managed to raise an impressive $20+  million for Gig Wage. His success is particularly noteworthy given that less than 1% of Black founders receive VC funding.

Craig has strategically utilized these investments to build a talented team. His efforts have also led to strategic partnerships with investors like Green Dot GDOT – $9.69  0.1 (1.032%)

, Discover DFS – $131.48  0.09 (0.068%)

, The Motley Fool Ventures, Foundry, Chartline Capital Partners and more  further cementing Gig Wage’s position as a leader in the fintech industry.

Strategic partnerships for greater impact

One of Craig’s key strategies has been to forge strong partnerships that amplify Gig Wage’s impact. Collaborating with Green Dot has enabled Gig Wage to provide comprehensive financial solutions for gig workers. These partnerships are not just business deals; they are strategic alliances aimed at delivering economic empowerment to underbanked and underrepresented communities across the United States.

Significant contributions and achievements

• Advocacy and social justice: Craig is not just a businessman; he is also a passionate advocate for social justice. During his Techstars Demo Day, he turned his pitch into a powerful talk advocating for Black Lives Matter and addressing racial inequalities within the tech industry. Craig’s bold stance has resonated widely, earning him features in major publications and broadcast outlets. His advocacy efforts underscore his commitment to using Gig Wage as a platform for positive social change.
• Community involvement and board memberships: Craig’s influence extends beyond Gig Wage. He has served on various local boards, including Friends of Fair Park, Habitat for Humanity, and Visit Dallas. He is also a founding member of the Forbes Dallas Business Council, the Rolling Stone Culture Council and recently joined Mass Challenge Global Board of Directors. Craig’s involvement in these organizations demonstrates his dedication to giving back to the community and fostering a culture of inclusivity and empowerment.
• Angel investing: Craig also enjoys angel investing and has a very specific investment thesis. His more recent investments include: Collateral Edge, Neon Money Club, Fondo, Goat Fuel, Tiff’s Treats, Outside Venture and more.

The future of Gig Wage

Craig aims to expand Gig Wage’s reach even further. Approximately 31% of Texas households are either unbanked or underbanked, and Craig is determined to change that. Gig Wage’s partnership with Green Dot aims to provide the first comprehensive end-to-end solution for the gig economy. In the next 10 years, Craig hopes to extend this financial stability to underbanked individuals across the country, helping them achieve economic empowerment and upward mobility.

Impact on the North Texas community

Craig’s vision is to create a significant, lasting impact on the North Texas community. By providing essential financial services to gig workers, Gig Wage aims to help these individuals achieve their life goals. Whether it’s setting aside earnings for savings, taxes or a 401(k), Gig Wage is committed to building a financial infrastructure that supports the gig economy’s unique needs.

A legacy of resilience and innovation

Craig’s entrepreneurial journey is a testament to resilience, hard work and innovation. His motto, “go for it,” encapsulates his approach to life and business. Craig’s ability to overcome significant challenges and achieve remarkable growth results throughout his career serves as an inspiration to aspiring entrepreneurs and business leaders alike.

Craig J. Lewis is more than just the CEO of Gig Wage; he is a visionary leader dedicated to deeply impacting the intersection of three core areas, money, technology and work, while currently transforming the gig economy and empowering underbanked communities.

Through strategic partnerships, innovative solutions, and a steadfast commitment to social justice, Craig is making significant strides in providing financial stability for 1099 workers. His work not only benefits gig workers but also contributes to a more inclusive and equitable financial system.

Are you inspired by Craig’s vision and achievements? Discover how Gig Wage can help your organization streamline payments and support gig workers. Visit the Gig Wage website to learn more and join the movement towards economic empowerment for all.

Read more: See our Sustainable Finance Influencers page