Frayt Technologies, a US-based shipping and technology company that connects enterprises with on-demand delivery services, has selected workforce payments platform Branch to provide their network of more 10,000 drivers with “accelerated payments, fee-free financial services, and cash flow management tools”.
Founded in 2018, Frayt says it has one of the largest networked fleet of delivery drivers in North America, providing on-demand shipping for a range of businesses from small start-ups to “big box” retailers.
In a statement issued yesterday (1 September), Frayt Techologies co-CEO Luke Denny said: “Providing a faster, more seamless payments experience through Branch helps us attract and empower the best independent drivers in an increasingly competitive market, offering more career options than ever.
“Building that loyalty without adding additional costs is crucial for businesses that want to see accelerated growth in the years to come—and Branch’s fee-free services make that possible.”
At no cost to the driver or Frayt, Branch provides the drivers with a Branch Card and Wallet, a free business debit card and digital wallet backed by an FDIC-insured checking account to receive and access payment. Through the Branch Wallet, Frayt drivers can receive payments for deliveries at the end of each day, rather than waiting at the end of the week for payment.
Branch founder and CEO Atif Siddiqi commented: “We’re proud to partner with Frayt to support a new wave of business owners with accelerated payments and ensure both customers and drivers receive incredible reliability and service.”