It’s a near-universal pain point for freelancers: the unpredictable cash flow cycle. It’s common to wait 30-plus days to be paid after completing a job, and sometimes, it’s just too long.
Qwil, says its co-founder and CEO, Johnny Reinsch, was born out of his own experience as an independent contractor with a high-value client that paid him late. “I was about to overdraw my bank account the day before my payment was due,” he says. “I tracked down the finance person and got the money just in time, but I was like, ‘why does it have to work this way?’”