Wagestream offers employee financial wellness at a click

by Startacus Admin
Fintech startup Wagestream allows employees to decide when they get paid their wages without the
need for costly interest being charged.
Millions of people know the struggle of stretching their payday wages across the void to the next payday. The bulk of it goes out almost immediately to cover bills and what remains has to do you until the rinse and repeat stage.
This can essentially lead to a form of poverty that we don’t consider people to be in when they have a full-time, paying job, and many of those people have to take out short term loans to get by, which only adds to the debt racking up. This cycle of debt and poverty is not something anyone should have to experience, particularly with a paying job.
Wagestream is a UK FinTech startup aiming to put an end to this cycle, benefitting both employee and employer.
The core function of the Wagestream app is to allow employees to track exactly what they earning, down to the hour and, crucially, to transfer any amount of those earnings into their account at any time for a flat fee of £1.75.
Whether it is for an unexpected expense or a bill not covered by the last paycheck, you don’t need to wait for payday to pay it off.
For employers, implementing Wagestream as a benefit to employees is a great way to reduce stress in the workplace and therefore increase productivity and become a more desirable employer. There is no set-up fee or other costs for integrating the platform into the payroll.
Wagestream, currently running a pilot programme with 25 business, recently raised £4.5m in investment with backers including Bill Gates and Jeff Bezos. We’re on board with any startup that helps reduce stress, increases freedom, and opens up options for people to access the money they are earning. We wouldn’t be surprised to see this as a default option in the majority of UK companies very quickly.
If you like the sound of this fintech startup, you might also want to read up on:
Multiply.ai - The innovative startup that's aiming to be a financial advisor for everyone.
Know Your Customer - a platform that automates 90% of manual tasks in anti-money laundering compliance.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Tobin Capital continues to expand its portfolio by investing in pop-up marketplace Sook, the startup on a mission to revolutionise the high street.

Sodexo and L Marks open call for applications from innovative startups and scaleups to join their inaugural Sodexo Healthcare and Seniors Accelerator.

The lowdown on FuturePlus, the startup that's on a mission to make sustainability accessible, achievable and affordable for all businesses.

John McLachlan, author and co-founder of Monkey Puzzle Training & Consultancy examines the differences between action-oriented and reflective leaders and which approach is best.

The fitness app that's not just about physical fitness; GoJoe helps employers to engage, motivate and connect their people across all pillars of wellbeing.

Now in its fifth year, North West England water firm United Utilities opens call for Innovation Lab, its pioneering ideas incubation programme.

Not-for-profit OneTech has spunout from Capital Enterprise to expand its offering and continue its mission of creating a more equitable, diverse and supported startup ecosystem.

London-based startup Deep Render tackles the internet’s data and bandwidth challenges via its innovative AI-powered file compression technology.

The lowdown on Dublin-based startup and NUI Maynooth spin-out Neuromod Devices and its innovative evidence-based bimodal neuromodulation treatment for chronic tinnitus.

With the clear shift towards generative AI, Richard Hayes, search director at digital marketing agency Catalyst explores what it means for SEO...
Published on: 15th September 2018
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.







- Startup Sook Receives Investment from Tobin Capital 24th May 2023 Tobin Capital continues to expand its portfolio by investing in pop-up marketplace Sook, the startup on a mission to revolutionise the high street.
- L Marks Seeking Startups and Scaleups for Sodexo Healthcare and Seniors Accelerator 23rd May 2023 Sodexo and L Marks open call for applications from innovative startups and scaleups to join their inaugural Sodexo Healthcare and Seniors Accelerator.
- United Utilities Innovation Lab launches call-out for innovative ideas for fifth programme 18th May 2023 Now in its fifth year, North West England water firm United Utilities opens call for Innovation Lab, its pioneering ideas incubation programme.
- OneTech Spins Out from Capital Enterprise to Support Underserved Communities in Tech Across the UK 18th May 2023 Not-for-profit OneTech has spunout from Capital Enterprise to expand its offering and continue its mission of creating a more equitable, diverse and supported startup ecosystem.