Company Information

Get to know Painless1099

Painless1099 was a financial service platform specifically designed for the freelance and self-employed workforce in the United States. Its core mission was to simplify tax obligations for 1099 workers by providing them with a smart, FDIC-insured bank account that automatically withholds a user-designated percentage of every payment for taxes. When a freelancer's client deposited money into their Painless1099 account, the service would instantly set aside the tax portion into a separate savings bucket and transfer the remaining income to the user's primary checking account. In March 2021, Painless1099 was acquired by Lili, a larger digital banking platform for freelancers, and its features and user base have since been integrated into the Lili product suite.

Industry

Financial Other ServicePRIMARY
Financial Banking
Financial Insurance

Contact

Social

THIS SERVICE IS NOT AVAILABLE IN YOUR REGION

Painless1099

N/A

Founded in

16 Feb 2015 (11 Years)

Founded

Last online: No recent activity

Claim company Visit website

TrustScore unavailableNot enough score to display the trend.

Be the first to rate and review this company.

OVERALL SCORE

Others

--/10

Reviews

--/90

0 reviews

Provided by TrustFinance

TrustScore unavailableNot enough score to display the trend.

Be the first to rate and review this company.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Markets.com

(326 reviews)

United States

2008

(18 years)

Security Information :

FSCA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.