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Investment Bank

Investment Bank

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As part of a citizenship commitment to connect people with work opportunities, Barclays supported the launch of Up & Go, a new online platform that offers on-demand cleaning services at fair wages. Up & Go is a pioneer in the gig economy* because it allows workers to keep 95% of the revenues they earn.

The remaining 5% are earmarked to sustain and grow Up & Go. Rise New York, Barclays’ open innovation co-working space, hosted the launch event to celebrate the successful collaboration with Robin Hood Foundation and Center for Family Life (CFL) that made the visionary project a reality. The co-ops on the platform are local, worker-owned home services businesses, such as cleaning services. Up & Go targets consumers who prefer to support local entrepreneurs.

The gig economy has brought tremendous change in the way we live and work. Low-income workers have historically been denied the benefits the new economy offers. With Up & Go, we’ve invested in a worker-focused platform that democratizes access to work for women, workers without higher education, and other New Yorkers living in poor communities.
Steven Lee, Managing Director, Robin Hood Foundation

 

Home cleaning professionals on the platform can also earn approximately a third more per hour than cleaning industry workers in the New York City-New Jersey metro area, allowing for co-op growth and a fairer local economy. 

 

Lending our expertise

Barclays' team members worked alongside the project partners, Robin Hood Foundation and CFL, to contribute resources, time, and skills. Bankers specializing in the tech, media, and telecommunications sector provided strategic advice on the business model. The bank’s information technology specialists offered guidance and advice on the design of the platform.

 

This unique partnership is a great example of how the private and non-profit sectors, can work together to ensure more businesses and workers can access the gig economy in a meaningful way. We look forward to supporting the launch and growth of Up & Go and wish all the worker-owned businesses success as they access this exciting new platform.
Mark Thain, Director, Social Innovation at Barclays

 

*Gig economy refers to a way of working based on short-term contracts or freelance work rather than permanent roles. 

Find out more about Up & Go at http://www.upandgo.coop

 

Barclays’ Rise programme

Rise is Barclays’ open innovation platform. Designed to help shape the future of financial services, Rise provides a community and resources through which start-ups and corporations can connect to co-create and scale technologies within Barclays and the wider financial services industry. Visit www.thinkrise.com or email riseteam@barclays.com for more information.

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Taking military innovations mainstream

Barclays’ open innovation co-working space Rise New York recently hosted ‘MD5 Starts NYC’ alongside The Partnership for New York City, New York University, & Barclays’ Citizenship.

Next gen talent creates next gen social solutions

Our young Banking talent developed social innovation business proposals and presented them to senior leaders at Barclays' Rise NY headquarters

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