Wagestream raises £4.5m in funding to expand its wage access service.
The funding round was backed by investors including QED Investors, Village Global, and the London Mayor's Co-Investment Fund.
£4.5M
Wagestream provides a financial service that enables employees to access their earned wages in real time.
Wagestream has secured £4.5m in funding from a consortium of technology and social impact investors. The capital will support the expansion of its wage access platform, which seeks to eliminate reliance on payday loans and help workers avoid financial distress.
Key backers participating in the round include QED Investors, Village Global, the London Mayor's Co-Investment Fund, and Fair by Design.
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About the company
Wagestream
Wagestream operates a service allowing workers to access their monthly wages in real time.
£191MRaised