6 years ago

Wagestream Raises €46 Million to End Payday Poverty

  • London-based fintech Wagestream raises €46 million for its service to end payday poverty

  • Wagestream is a flexible wage app that allows staff to draw down a percentage of their earned wages any day of the month for a flat fee of £1.75 – with no loans or interest.

      • ProblemFinancial Services

      "Millions of workers face financial stress due to the inflexibility of the monthly pay cycle, leading to reliance on payday loans and high-cost credit."

      Solution

      "Wagestream provides a flexible wage app that allows employees to access a portion of their earned wages before payday for a flat fee, reducing financial stress and reliance on predatory lenders."

      Covered on