ShiftPixy’s Cutting-Edge Fintech Attracts New Brands as Ecosystem Continues to Grow

ShiftPixy Inc (NASDAQ:PIXY), a disruptive workforce engagement platform provider has recently expanded its growing ecosystem with the arrival of new brands who are attracted to its unique financial and insurance transaction and metering platform.

As quoted in the press release:

A primary differentiator to ShiftPixy’s technology includes its ‘micro-metering’ approach to incremental payment transactions and related insurance coverages based on real-time use and exposures. This leverages two critical technology functionalities. The first is the ‘micro metering’ of essential commercial insurance coverages required by operators – namely workers’ compensation and auto coverages on a delivery-by-delivery basis. The second is using ShiftPixy’s blockchain ledger to process and record critical P2P connections.

“Our underlying technology is a key reason why we stand out in the marketplace, so it’s always exciting to see new clients specifically drawn to our innovative capabilities when joining our ecosystem,” said Scott Absher, CEO of ShiftPixy. “Our self-delivery proposition is taking hold in surprising places. We knew it would be a high value proposition for fast food and fast casual operators, but just this week we welcomed a 27-location franchisee of one of the major pizza brands as a client. We are finding that our provisioning of essential commercial insurance coverages through our driver management application layer is highly valuable to even the big brand pizza franchisees where delivery has always been foundational to their business.”

With this ‘micro-metering’ technology catching the attention of the insurance community with its real time data visibility, the ShiftPixy self-delivery platform is now opening a lot of large client conversations which is expected to continue to drive rapid growth nationally. Further, ShiftPixy’s blockchain technology enhances its security capabilities that come with that rapid growth and scale.

This announcement comes on the heels of ShiftPixy announcing that last mile delivery courier Zion Delivery Services has entered its network, highlighting this unique employment model’s value across industries. In addition to ShiftPixy’s private blockchain ledger and its ‘micro-metering’ approach, it also leverages IBM’s Watson artificial intelligence engine to achieve a uniquely personal experience for workers and employers alike.

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