2 years ago

Wagestream Raises €134 Million to Expand Financial Wellbeing Services for Frontline Workers

  • Wagestream, a UK-based fintech company, has raised €134 million in Series C funding led by Smash Capital

  • The company provides financial tools and services to help frontline workers globally, including budgeting, savings, access to a money coach, and flexible pay

  • Wagestream has grown 100% year-on-year and serves over 3 million frontline workers globally

  • The company was founded with investment from social impact organizations such as Big Society Capital, Joseph Rowntree Foundation, Social Tech Trust, and Barrow Cadbury Trust, and operates with a social charter to improve the financial well-being of frontline workers.

      • ProblemFinancial Services

      "Frontline workers are struggling to manage their finances due to the cost of living crisis and rising costs and interest rates. They are missing days at work and experiencing a decline in productivity due to financial worries. This is a significant problem for both individuals and businesses."

      Solution

      "Wagestream provides a financial wellbeing platform that gives frontline workers access to tools and services to help them manage their finances, including budgeting, savings, and access to a money coach. The platform also helps employers improve staff retention and productivity by providing financial support to their employees."

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