Wagestream
OverviewSuggest Edit
Wagestream is a technology company that develops an application for employee financial wellness benefits. Its platform allows workers to access their earned income at any time during the monthly pay cycle. The application enables employees to keep track of how much they earn on a daily, hourly, and monthly basis and the available amount they can withdraw from the earnings in real time.
| Type | Private | |
| Founded | 2018 | |
| HQ | London, GB | Map |
| Website | wagestream.com |
Recent NewsAll News
- Wagestream raises £20m for income streaming service
- Here's an exclusive look at the pitch deck Wagestream used to raise $25 million while working out of a garden shed
- London’s Wagestream raises £20 million, bringing total to £65 million, to give employees control over payday
- Fintech Wagestream helps 50,000 furloughed staff access wages early as coronavirus ravages hospitality and travel
Latest Updates
| Employees (est.) (Jan 2021) | 96 | (+4%) |
| Cybersecurity rating | A | More |
Key People/Management at Wagestream
Peter Briffett
CEO, Co-Founder
Portman Wills
Co-Founder & CTO
Archie Chappel
Strategic Affairs Director
Tim Parsons
Finance Director
Alberto Mateos
Director of Client Engineering
Travis Nelson
Director, Mobile & Cloud Data
Wagestream Office Locations
Wagestream has an office in London
London, GB (HQ)
136 High Holborn, Holborn
London, GB
55 Baker St, Marylebone
London, GB
New Kings Beam House, 22 Upper Ground, South Bank
Wagestream Financials and Metrics
Summary Metrics
Founding Date | 2018 |
Wagestream total Funding | $47.6 m |
Wagestream latest funding size | $24.98 m |
Time since last funding | 6 months ago |
Wagestream investors | Northzone, QED Investors, Balderton Capital, Firestartr, London Co-Investment Fund, Village Global, Fair by Design Fund, Latitude Venture Partners |
Wagestream's latest funding round in July 2020 was reported to be $25 m. In total, Wagestream has raised $47.6 m
Wagestream Revenue
Cash (30-Jun-2019) | 1.5m |
| GBP | FY, 2019 |
|---|---|
Cash | 1.5m |
Accounts Receivable | 11.3k |
Current Assets | 12.8m |
| FY, 2019 | |
|---|---|
Financial Leverage | 1.1 x |
Wagestream Operating Metrics
Wagestream's Users was reported to be 300 k in Jul, 2020.
| Jul, 2020 | |
|---|---|
Users | 300 k |
Wagestream Cybersecurity Score
Wagestream Online and Social Media Presence
959 Twitter followers
Wagestream has 959 Twitter Followers. The number of followers has increased 2.6% quarter over quarter
Wagestream's Trends
Twitter Engagement Stats for @wagestream
881
Tweets
736
Following
959
Followers
3
Tweets last 30 days
2
Avg. likes per Tweet
100%
Tweets with engagement
Wagestream News and Updates
July 08, 2020
Wagestream raises £20m for income streaming service
Wagestream, a UK startup that lets customers draw down their 'earned income' at any time during the...
July 07, 2020
Here's an exclusive look at the pitch deck Wagestream used to raise $25 million while working out of a garden shed
Fast-growing UK fintech startup Wagestream has raised £20 million ($25 million) in a fundraising led by Northzone.
Wagestream lets employees draw down their wages early in exchange for a flat fee.
"It's probably not the ideal time to fundraise but we knew we could scale globally so went ahead bec…
July 07, 2020
London’s Wagestream raises £20 million, bringing total to £65 million, to give employees control over payday
London-based Wagestream, a fintech startup that allows workers to access earned income in real time, has secured £20 million in a round led by Northzone, with participation from QED Investors, Latitude Venture Partners and Balderton Capital. This latest investment, which brings the total raised to £…
April 03, 2020
Fintech Wagestream helps 50,000 furloughed staff access wages early as coronavirus ravages hospitality and travel
London fintech startup Wagestream helps employees access their salaries earlier in the month to cover expenses and avoid drawing expensive payday loans.
The company has been working with numerous NHS trusts across the UK for free in response to COVID-19 with 35,000 medical staff now on its platfor…
May 20, 2019
Wagestream closes $51M Series A to plug the payday gap without putting workers in debt
Getting your work wages on a monthly (not weekly nor biweekly) basis has become a more widespread trend as the price of running payrolls has gone up, and organizations’ cashflow has gone down. That 30-day shift may be a boost to employers, but not employees, who may need access to those wages more i…
May 20, 2019
Wonga-backer Balderton co-leads £15 million Series A in Wagestream
Wagestream, a UK startup that lets customers draw down their 'earned income' at any time during the...
Wagestream Blogs
January 13, 2021
Retail workers receive financial wellbeing boost with earned wage access
Earned wage is a powerful financial tool at any time, however the global pandemic has shed light on how necessary this benefit truly is for workers in the retail sector. What is Earned Wage Access? Earned wage access or earned salary access schemes (ESAS) quite simply allow employees to access their…
January 13, 2021
Earned wage access: Transforming the pandemic experience for Hospitality workers
Earned wage is a powerful financial tool at any time, however the global pandemic has shed light on how necessary this benefit truly is. It has become a positive force organisations and their people in the hospitality industry. What is Earned Wage Access? Earned wage access or earned salary access …
January 11, 2021
Dealing with lockdown burnout
Burnout seems to be on the rise and as the third national lockdown rolls around in the UK it’s not going anywhere fast. Burnout is the state of emotional, physical and mental exhaustion caused by prolonged stress and it happens when we are unable to meet constant demands. It can be used as a catch-a…
December 18, 2020
Spotlight on: Tricia Foster, Head of Pay & Benefits for Holland & Barrett
Tricia Foster is the Head of Pay & Benefits for Holland & Barrett and has worked in the payroll industry for over 30 years. We recently spoke to Tricia about her expertise in the industry and why they’ve recently rolled out Wagestream to all Holland & Barrett colleagues. You’ve recently …
December 08, 2020
Christmas in retail: online sales take a boost with retail staff missing out
The impact of the outbreak has varied widely from sector to sector. One of the areas hardest hit was the physical retail industry. Retail closures have challenged an already fragile situation for the high street, with ecommerce sales accounting for more than 30% of total retail sales compared with …
December 07, 2020
7 tips for how to spend less this Christmas
Now more than ever, many of us may be looking at ways to save money this Christmas. After a rollercoaster year for our finances, we’ve got 7 ways you can save this Christmas, helping you build a buffer for 2021 and achieve better financial health. 1. Cut back on Christmas cards Christmas cards are l…
Wagestream Frequently Asked Questions
When was Wagestream founded?
Wagestream was founded in 2018.
Who are Wagestream key executives?
Wagestream's key executives are Peter Briffett, Portman Wills and Archie Chappel.
How many employees does Wagestream have?
Wagestream has 96 employees.
Who are Wagestream competitors?
Competitors of Wagestream include Cookies Labs, Zero and Mitto.
Where is Wagestream headquarters?
Wagestream headquarters is located at 136 High Holborn, Holborn, London.
Where are Wagestream offices?
Wagestream has an office in London.
How many offices does Wagestream have?
Wagestream has 3 offices.
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