Fronted, 11:FS, Credit Kudos to launch income checker for freelancers

Tuesday 24 March 2020 13:24 CET | News

Fronted, a rental services fintech, has teamed up with UK-based consultancy 11:FS and Credit Kudos, to create a platform called ‘Covid Credit’.

The service will use open banking data to support the five million freelancers and self-employed in the UK who are currently not eligible to receive income support from the Government. According to Forbes, ‘Covid Credit’ intends to allow these individuals to generate a self-certification of income loss, which can then be sent to HM Revenue & Customs.

This could help the self-employed to prove they are furloughed workers and claim income relief, which they are entitled to as full-time workers in addition to providing the government with a possible route to supporting these individuals.

Until 24th of March 2020, a total of 300 self-employed workers have registered for ‘Covid Credit’ according to Campbell.

More: Link

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Keywords: COVID-19, income, self-employed, Fronted, 11:FS, Credit Kudos, Freelancer, self-employed, data, UK, Covid Credit, fintech
Categories: Banking & Fintech
Countries: United Kingdom
This article is part of category

Banking & Fintech