Grubhub and Stride Announce New Portable Benefit for Delivery Partners

Grubhub, a leading online and mobile food-ordering and delivery marketplace, is excited to announce a new portable benefit offering with Stride, the category leader in portable benefits. This expanded partnership with Stride underscores Grubhub’s ongoing commitment to supporting its delivery partners by providing them with access to Stride Save¹—an individual benefits savings account designed specifically to help gig workers save and pay for health, retirement, and other costs.

Grubhub delivery partners now have access to no-fee² savings accounts through Stride Save, which can be used to cover essentials such as health insurance and retirement savings³. Additionally, delivery partners can explore a range of affordable insurance options, including dental, vision, and life coverage, tailored to fit different budgets and needs.

“We’re always looking for new ways to support the hundreds of thousands of delivery partners who make our service possible,” said Abhishek “PJ” Poykayil, Senior Vice President of Operations at Grubhub. “With the introduction of Stride Save, we are giving delivery partners access to the essential, portable benefits they want – on the road, off the road, and into the future.”

“We are excited to bring our newest innovation to Grubhub delivery partners and continue to fill the gap in access to benefits experienced by gig workers,” said Bryan Giaimo, Vice President of Partnerships at Stride. “Just because you choose to work independently shouldn’t mean it should come at a steeper cost.”

Key features of Stride Save include personalized savings goals, high-yield savings at 3.73% APYˆ, and quick, fee-free account enrollment. Delivery partners can easily sign up and begin managing their benefits in minutes without complex paperwork. Grubhub delivery partners should check their email for detailed instructions on how to sign up and access these benefits through the platform.

Open Enrollment for health insurance starts on November 1, 2024, with coverage beginning on January 1, 2025. Grubhub delivery partners are encouraged to pre-register with Stride to ensure they don’t miss important information and deadlines for affordable insurance. Last year, nearly 40% of Stride users received free health coverage based on their eligibility for tax credits, and 30% paid less than $1 per month for their plan.

For more information, delivery partners can visit our website or download the Stride app.

¹Stride Savings LLC is a financial technology company and is not a bank. Banking services are provided by i3 Bank, Member FDIC. The Stride Mastercard Debit Card is issued by i3 Bank pursuant to a license from Mastercard, Inc. and may be used anywhere Mastercard cards are accepted.

²Savings Goals are part of your Deposit Account with Stride. There are no current tax benefits associated with your Stride Save accounts and associated goals.

³No account or domestic transaction fees. Some foreign transaction fees may apply in limited circumstances.

ˆThe interest rate on your account will be 3.66% with an Annual Percentage Yield (APY) of 3.73%, and these rates are effective as of 09/19/2024. These rates are variable and based on the target range of the Federal Funds rate and may change at any time after account opening. Certain foreign transaction fees could reduce earnings on the account.

About Grubhub:
Grubhub is part of Just Eat Takeaway.com (LSE: JET, AMS: TKWY), and is a leading U.S. food ordering and delivery marketplace. Dedicated to connecting diners with the food they love from their favorite local restaurants, Grubhub elevates food ordering through innovative restaurant technology, easy-to-use platforms, and an improved delivery experience. Grubhub features more than 375,000 merchants in over 4,000 U.S. cities.

About Stride: 
Stride simplifies the complexities of being an independent worker by creating a modern benefits system for individuals — regardless of their employment status — that they can take with them and to which companies can contribute but do not control. Stride is the first portable benefits platform specifically designed for the nearly 60 million American independent workers who do not receive employer-based benefits. The Stride platform offers access to insurance — health, dental, vision, life and other supplemental insurance — as well as financial tools to track income, mileage and other deductible expenses to manage their tax obligations, all via a single app. Since launching in 2014, Stride has helped more than 4.2 million workers save more than $7.2 billion on their taxes and monthly health insurance premiums.