Introduction: Transforming the Freelancing Experience

Freelancing and remote work are redefining careers in the digital age, offering flexibility, diverse job opportunities, and location independence. However, freelancers often face challenges such as handling international payments, managing compliance, and maintaining financial stability.

UK-based Native Teams, founded by Jack Thorogood in 2020, is addressing these issues. The platform provides solutions for international payments and employment management, empowering freelancers and businesses worldwide.

Simplifying International Payments for Freelancers

Managing international payments is a major concern for freelancers. High transfer fees, currency conversions, and delayed transactions disrupt cash flow and create unnecessary stress.

Native Teams offers a multi-currency digital wallet, which simplifies payment management by:

• Supporting transactions in multiple currencies.
• Enabling cross-border payments.
• Allowing seamless fund transfers to local bank accounts with minimal fees.

In addition, features like client invoicing allow freelancers to create, send, and track professional invoices globally, ensuring faster payments and reduced administrative burdens. The payment request option helps freelancers manage cash flow by enabling one-time or recurring payment requests.

Solving Employment and Compliance Challenges

Freelancers often struggle to access formal employment benefits or maintain compliance with local laws. Native Teams addresses these issues by:

1. UK Legal Entity Formation:

   • Facilitates tax benefits.
   • Provides control over profit distribution.
   • Helps freelancers maintain compliance with local regulations.

2. Global Payroll and Employment Services:

   • Offers official employment status for remote workers.
   • Provides regular salaries while adhering to local laws.
   • Ensures compliance and offers employment benefits, reducing risks for freelancers.

Expanding into the Indian Market

Recognizing the potential of India’s vast and diverse pool of freelancers, particularly in the IT and digital sectors, Native Teams has strategically expanded into this market.

Key reasons for entering the Indian market:

• High demand: India’s growing remote workforce needs tools for managing international payments and employment.
• Strategic alignment: India’s IT and digital expertise complements Native Teams’ offerings.

Strategies to localize for Indian freelancers include:

• Customizing services to meet unique Indian market requirements.
• Establishing partnerships with local organizations for enhanced support.
• Adapting tools to align with cultural and regulatory needs.

Empowering Businesses with Employer of Record (EOR) Services

Native Teams extends its services to global businesses through its Employer of Record (EOR) feature. This service helps businesses hire international employees while managing compliance and administrative complexities.

EOR Benefits for Businesses:

• Ensures compliance with local employment laws.
• Handles payroll processing, taxes, and contributions in local currencies.
• Simplifies workforce expansion into new markets.

Businesses can focus on growth while Native Teams manages the legal and regulatory aspects of global hiring.

Ensuring Security and Compliance

Security and compliance are at the core of Native Teams’ operations. The platform employs:

• Secure Digital Wallets: Protect user transactions.
• Mandatory KYC Processes: Ensure safe user registration.
• Localized Support Teams: Tax consultants and legal experts provide country-specific guidance.

Operating in over 70 countries, Native Teams adheres to employment laws, taxes, and regulatory requirements. This comprehensive compliance approach allows businesses and freelancers to operate with confidence.

Funding and Future Plans

In May 2024, Native Teams raised €6.275 million in a funding round led by Eleven Ventures, Fil Rouge Capital, and other investors. This funding supports:

• Enhancing platform performance.
• Expanding into the US, India, and Asian markets.
• Developing tools tailored to the Indian market.

By investing in localized solutions, Native Teams aims to empower Indian freelancers and small businesses to achieve financial stability and global growth.

Conclusion: Redefining Global Freelancing

Native Teams is revolutionizing the freelancing landscape by addressing critical pain points. With its innovative features and strategic market expansion, the platform empowers freelancers and businesses to manage international payments, employment, and compliance effectively.

By focusing on India’s thriving freelance market, Native Teams is redefining how professionals and organizations navigate the complexities of the global workforce.