Bonsai (YC W16) Helps Freelancers Get Paid On-Time

Studies say that upwards of 50 percent of freelancers are paid late or not at all. Unfortunately, the most successful freelancers today aren’t necessarily the best at their chosen trade -- they are the people who excel at negotiating with clients and structuring payments.

Bonsai is a company launching out of our Winter 2016 class that takes care of those day-to-day business matters so freelancers can go back to focusing on more important things.

TechCrunch's Anna Escher wrote about Bonsai in a story published this week:

"Bonsai, part of Y Combinator’s Winter 2016 batch, has created a tool designed to guide freelancers through contract creation and invoicing. The two-person company bills itself as a system that takes care of contract creation, invoicing and payment processing for white-collar freelancers, or anyone who does contract work from behind a computer.

...There are plenty of invoicing systems and marketplaces for freelancers out there, but what sets Bonsai’s tool apart is the element of guidance and the simplified nature of its service. It’s also worth noting that Bonsai allows freelancers to get paid by ACH, which isn’t available in many other freelancer payment tools and results in much lower fees for high-earning freelancers.

With today’s digital economy allowing for the career flexibility that freelancers crave, the company hopes to serve more and more people as freelancing becomes a more viable choice for professionals."

Read the full story on TechCrunch here.

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