About Wingspan
Wingspan provides a platform that simplifies business operations for freelancers and self-employed individuals. The platform includes tools for invoicing, expense management, and tax handling, along with customizable templates for contracts and proposals. A key feature is the Pro plan, which offers access to a Care Advocate to assist with healthcare options and custom insurance packages, giving freelancers benefits typically available to larger company employees. Wingspan operates on a subscription model, starting at $20 per month, and partners with agencies to manage payments and compliance for 1099 contractors. The goal is to streamline administrative tasks for freelancers, allowing them to focus on their work.
New York City, New YorkHeadquarters
2019Year Founded
$17MTotal Funding
SERIES_ACompany Stage
Fintech, Healthcare, LegalIndustries
51-200Employees
Benefits
Flexible Time Off
Stock Options
Home Office Stipend
401(k) Company Match
Wellness Program
Risks
Increased competition from fintech platforms like Lili and Found challenges Wingspan's market share.
Potential regulatory scrutiny on gig economy could impact Wingspan's business model.
Cybersecurity threats targeting fintech platforms could compromise user data and trust.
Differentiation
Wingspan offers a unique Pro plan with a Care Advocate for healthcare navigation.
The platform provides customizable templates for contracts and proposals, enhancing professionalism.
Wingspan partners with agencies to handle payments and compliance for 1099 contractors.
Upsides
Increased demand for freelancer management platforms post-pandemic boosts Wingspan's market potential.
Growing interest in subscription models aligns with Wingspan's revenue strategy.
Partnerships with insurance providers enhance Wingspan's offerings in the benefits space.
Funding
Total raised$17.02 M
Latest valuation$70.00 M
StageSERIES_A
SERIES A
2/28/2023$14
$70.00 MSEED
12/31/2019$4
$17.50 M