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Founded Year

2018

Stage

Debt - II | Alive

Total Raised

$254.51M

Last Raised

$115M | 6 mos ago

About Wagestream

Wagestream is an employee financial wellness platform that allows workers to access earned income at any time during the monthly pay cycle without impacting cash flow, payroll, or timekeeping processes. It was founded in 2018 and is based in London, England.

Wagestream Headquarters Location

35 Gresse Street

London, England, W1T 1HZ,

United Kingdom

ESPs containing Wagestream

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Consumer & Retail / Retail Tech

These platforms allow workers to access accrued wages before payday. Some companies do this for free, while others charge the worker a small fee that can be deducted from their next paycheck. The fee is typically far more affordable than a high-interest payday loan. Many of these tools are also beginning to incorporate related financial wellness features, such as budgeting tools and educational fi…

Wagestream named as Highflier among 13 other companies, including DailyPay, Branch, and PayActiv.

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Wagestream's Products & Differentiation

See Wagestream's products and how their products differentiate from alternatives and competitors

  • Track

    Keep track of earnings, in real-time, throughout the month

    Differentiation

    Stream was the first product in the sector which allows any worker to view accurate earnings data, in real-time, throughout the month (including e.g. overtime shifts worked) by connecting with enter… 

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    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

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    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

  • Subscribe to see more

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

Research containing Wagestream

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Wagestream in 2 CB Insights research briefs, most recently on Dec 22, 2020.

Expert Collections containing Wagestream

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Wagestream is included in 3 Expert Collections, including HR Tech.

H

HR Tech

4,016 items

HR tech startups are helping companies manage critical pain points in HR processes such as recruitment, automation, career development, compensation, and benefits management, through a mix of software and services.

F

Fintech

4,864 items

Track and capture company information and workflow.

S

Store management tech (In-store retail tech)

385 items

Latest Wagestream News

Barbeques Galore contracts Wagestream to bolster retention and recruitment through financial wellbeing tools

Sep 16, 2022

Barbeques Galore contracts Wagestream to bolster retention and recruitment through financial wellbeing tools Barbeques Galore contracts Wagestream to bolster retention and recruitment through financial wellbeing tools Barbeques Galore has partnered with financial wellbeing fintech Wagestream as it continues to revamp and build out its employee benefits programme in an increasingly difficult employment market. The move is designed to retain staff and attract prospective employees by providing employee benefits aimed at improving staff financial wellbeing, as inflation and rising interest rates continue to hurt the hip pockets of many Australians. The partnership comes as a Wagestream survey of over 1,000 Australians revealed that four in five could feel more positively about an employer who offered financial wellbeing tools. An impressive 56.7% of respondents would “think more favourably of my employer” if they offered engaging financial education tools, and 47.5 percent would be “incentivised to stay with my employer” if they were supported with financial wellbeing programs. However, just 25.7 percent of respondents say their employer currently offers financial wellbeing support. Barbeques Galore saw these results as an opportunity to offer current and prospective employees valuable tools to combat growing financial pressures and the post-pandemic labour shortages that “continue to cripple the retail industry”, in the words of the Australian Retailers Association. The Wagestream financial wellbeing offering therefore provides a huge talent attraction and retention opportunity for employers who follow the data, according to Barbeques Galore. Mitchell Koureas, CFO at Barbeques Galore, said, “Retailers across Australia are facing a hiring market that has never been experienced before; one that is challenging both recruitment and retention. Nationwide staff shortages represent one of the largest challenges facing Australian retailers today. “Adjacent to this is rising living costs, with the price of everyday essential items such as petrol, energy, and groceries all soaring in a rather short period of time. As an employer, we are in a position to make a real difference by supporting our employees through these challenges. “In the last six months we have introduced an array of benefits, partnerships, and health and wellbeing programmes to further improve our employee value proposition. The partnership with Wagestream extends this proposition by helping our staff get back the peace of mind that financial wellbeing can engender.” Josh Vernon (pictured), CEO and Co-Founder of Wagestream Australia , said, “The results of our survey highlight the increasing role Australians expect employers to play in their overall financial wellbeing, as well as the unique options available to employers for incentivising employees. “When placed alongside these macroeconomic challenges, we can see a real opportunity for employers who think outside the box and find unique incentives that will add tangible value for their employees, many of whom are struggling right now. “During the pandemic we saw workplaces transform globally, leading to increased flexibility as a key bargaining tool for many employees now. I believe we will continue to see demand for more employment perks that contribute to employees’ overall wellness as a human being – not just as a human working. “With labour shortages combining with cost of living pressures being front of mind for many Australians right now, forward-thinking employers will offer their staff practical tools and actionable tips to help them live more comfortably and achieve their financial goals.” Join our Newsletter:

Wagestream Web Traffic

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  • When was Wagestream founded?

    Wagestream was founded in 2018.

  • Where is Wagestream's headquarters?

    Wagestream's headquarters is located at 35 Gresse Street, London.

  • What is Wagestream's latest funding round?

    Wagestream's latest funding round is Debt - II.

  • How much did Wagestream raise?

    Wagestream raised a total of $254.51M.

  • Who are the investors of Wagestream?

    Investors of Wagestream include Northzone, Balderton Capital, Fair By Design, Smash Ventures, Silicon Valley Bank and 13 more.

  • Who are Wagestream's competitors?

    Competitors of Wagestream include QRails, ZayZoon, Payflow, DailyPay, Branch and 14 more.

  • What products does Wagestream offer?

    Wagestream's products include Track and 3 more.

  • Who are Wagestream's customers?

    Customers of Wagestream include Bupa, Roadchef, Casual Dining Group and UK National Health Service (NHS Frimley Trust).

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