3 years ago
Wagestream Raises €134 Million for Fairer Financial Services
Wagestream, a social impact fintech, has secured €134 million in funding led by Smash Capital, with participation from BlackRock, Silicon Valley Bank, and other investors
The company aims to provide fairer financial services to frontline workers.
ProblemFinancial Services
"The problem Wagestream is trying to solve is that historically, frontline workers have been excluded or forced to pay more for financial services than other workers, leading to financial stress and difficulty in managing their finances."
Solution
"Wagestream offers a financial wellbeing app that provides a range of financial services to help frontline workers build up their financial health, including tracking shifts and pay, choosing pay cycle, building savings, winning prizes, setting money goals, and chatting with a personal financial coach."
