Gigapay was born out of necessity, at a Weekend Hackathon in Zerebra. The founders were searching for a solution for real-time payouts to gig workers. In September 2019, Gigapay was launched at the Stockholm Fintech Week, with a focus on the Swedish market. The company quickly gained traction, helping leading gig platforms such as Uber Eats and Karma pay their workers in Sweden.

In 2020, Gigapay expanded its support to Finland. With the rise of the Creator Economy during the pandemic, the company identified an opportunity to streamline and scale Creator Payouts, leading to a pivot in 2022 towards a globally focused product. This pivot resulted in a remarkable YoY Gross Revenue growth of above 100%. Today, Gigapay supports more than 70 countries and has grown its team to over 20 employees.