Abu Dhabi marketplace for gig economy workers raises $3.5m – The National

  • Date: 13-Jun-2020
  • Source: The National
  • Sector:Financial Markets
  • Country:UAE
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Abu Dhabi marketplace for gig economy workers raises $3.5m – The National

Abu Dhabi marketplace for gig economy workers raises $3.5m. Backing from Abu Dhabi Investment Office and others takes the total amount of seed funding secured by Rizek to $5m. The round of funding by strategic investors including Abu Dhabi Investment Office (Adio), E-tech investments, Rozana Investments and others took Rizek's financing raised so far to Dh5m, it said in a statement on Saturday.. The company aims to increase job opportunities for gig workers, allowing them to earn service-based income through the portal, it said.. "Adio's investment will fuel the next stage of the company's growth while helping to connect more freelancers and SMEs with potential commercial opportunities.". In light of the current economic challenges, Rizek said it intends to strengthen and maintain a fair marketplace, where customers get quality services at prices that is fair both to them and the provider.. "Most of the big cities in the region have a service-based economy.. "We at Rizek believe that the region needs an inclusive platform where customers can view all their options before commissioning the services.". The start-up also plans to work with freelancers and SME service providers to improve their skills and help them land more opportunities..