Hyperwallet’s broad payout capabilities will help support the mobility platform’s global expansion efforts
Hyperwallet, a PayPal service, announced today that it is handling outbound payments on behalf of Lime, a global scooter rental platform that brings easy and affordable urban mobility to people in over 100 cities around the world. Through a partnership with Hyperwallet, a leading global payouts provider to millions of independent workers, Lime will now be able to quickly and easily send payments to its growing global community of “Juicers,” a network of freelancers who charge the company’s fleet of scooters.
“In less than three years, Lime has reimagined urban mobility,” said Brent Warrington, Hyperwallet’s General Manager. “As people in cities all over the globe look for affordable ways to reduce their dependence on cars, Lime has emerged as a global leader in alternative, affordable, and environmentally-friendly presentation. What’s more, their creative business model provides a new, flexible earning opportunity for individuals.”
“Hyperwallet’s platform gave us the functionality we needed to scale quickly and offer our Juicer community fast and convenient payouts,” explained Ryan Foutty, Global Head of Business Development at Lime. “This partnership has allowed us to launch our business in new markets and deliver a great localized experience for Juicers all over the world. We are excited about expanding our collaboration with Hyperwallet in the coming months.”
Lime had a number of specific requirements in mind when it came to selecting a payout provider. First, the company wanted to ensure that Juicers could be paid quickly and conveniently. This meant finding a provider that could offer multiple payout methods. Additionally, Lime needed a payout provider capable of facilitating local funds disbursements to multiple geographies, like in Latin America, where the company is growing rapidly in populous cities like Bogota and Montevideo. With Hyperwallet, Lime was able to satisfy both of these requirements: not only can the company provide payout options that suit the preferences of Juicers both in the US and abroad, Hyperwallet’s payout method optionality ensures that Juicers can collect their funds using the method they prefer.
“Hyperwallet’s platform has helped add value to our Juicer program by giving us the ability to offer fast, efficient, self-service payment disbursements,” said Foutty. Lime uses Hyperwallet’s payout platform to pay their global Juicer community on a daily basis.