Wagestream is a fintech startup that allows employees to stream their earned wages into their accounts through an instant app.
Wagestream enables companies to pay their employees their wages as they earn them, rather than in an end-of-month pay packet.
Wagestream was founded in 2018 by Peter Briffett and Portman Wills. The company is headquartered in London, with offices in Amsterdam, Madrid and New York.
Wagestream's app allows employees to stream their earned wages into their accounts, giving them control over when they’re paid. Wagestream also offers an automatic savings product called Safestream, which enables users to put aside a small amount of their pay before it’s actually paid to them.
Wagestream is driven by a social charter – every service it provides must measurably improve financial wellbeing. Over 70% of people using Wagestream feel more in control of their money, leading to a happier, healthier, more productive workforce.
Wagestream powers more than one million workers globally through over 300 employers, including Burger King, Pizza Hut, Crate & Barrel, Bupa and the UK’s National Health Service.
Wagestream is backed by Balderton Capital, BlackRock, Northzone, QED Investors, Smash Capital, Latitude Venture Partners, Silicon Valley Bank, Fair By Design, and others. The company raised $175M in Series C round on Apr 13, 2022. This brings Wagestream's total funding to $259.9M to date.