Wagestream

Based In the UK, Wagestream provides a financial wellness platform that includes tools to track earnings and expenses, access earned wages prior to payday, and resources to obtain personalized financial education. Wagestream’s tools are offered to employees through a mobile app, with an analytics platform for employers to monitor participation and financial resilience of staff. 

Employees can access their earned wages using the app by paying a flat fee of GBP 1.75 (USD 2.40) per withdrawal. The company’s platform has integrations with several payroll and timekeeping systems, enabling organizations to deploy Wagestream into their payroll process.

As of February 2024, Wagestream had a global user base of more than 3 million, which included more than 1,000 corporate customers in industries such as the retail, hospitality, and healthcare sectors. The company has offices in the US, UK, Spain, and Australia and some notable employers include Burger King, Pizza Hut, Crate & Barrel, Bupa, University of Chicago, Popeyes, and National Health Service UK.

Wagestream acquired 1) Australian earned-wage access startup Earnd in March 2021 to enter into the Australian market. 2) a credit card startup Keebos, in October 2023, to integrate Keebos credit score building platform ( that uses open banking data) with Wagestream’s core offerings. The company also partnered with French Insuretch provider Wakam in August 2023, to introduce income protection coverage to its users.  

In April 2022, the company raised USD 175 million in a Series C funding round. The investment consisted of USD 60 million in equity led by Smash Capital and USD 115 million in debt financing from Silicon Valley Bank. The funds were expected to be utilized to develop new product features such as insurance, lending, and budgeting for its financial wellbeing app and to expand its presence in new markets such as the US by extending support to 30 million frontline workers.