About FlexWage
FlexWage is a company based in Mountainside (United States) founded in 2009. FlexWage has raised $3.5 million across 1 funding round. FlexWage has completed 1 acquisition, including Sum180. FlexWage offers products and services including OnDemand Pay, Flex Pay, Pay Card, and Sum180. FlexWage operates in a competitive market with competitors including DailyPay, Sodexo, Earnin, Clara and Branch, among others.
- Headquarter Mountainside, United States
- SectorsFinancial ServicesTravel & Hospitality Technology
- Website flexwage.com
- Social LinkedIn X Facebook YouTube
- Legal Name Flexwage Solutions
- Total Equity Funding$3.5M (USD)
in 1 rounds
- Latest Funding Round$3.5M (USD), Series A
Aug 2014
- Investments & Acquisitions
Products & Services of FlexWage
FlexWage offers a comprehensive portfolio of products and services, including OnDemand Pay, Flex Pay, Pay Card, and Sum180.
Enables early access to earned wages for better financial management.
Facilitates instant tip deposits on a pay card for quick access.
Replaces paper checks with digital access to funds on payday.
Helps users track money and plan for improved financial lifestyle.
Apps and channels of FlexWage
FlexWage publishes 2 mobile apps with over 10K+ downloads; its YouTube channel FlexWage Solutions has 24 subscribers and 10 videos.
Videos from FlexWage
The most watched videos on FlexWage's YouTube channel, FlexWage Solutions (24 subscribers). Click a video to play it here.
More on FlexWage Solutions.
Funding Insights of FlexWage
FlexWage has successfully raised a total of $3.5M through 1 strategic funding round. The most recent funding activity was a Series A round of $3.5 million completed in August 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3.5M
- Total Rounds 1
- Last Round Series A — $3.5M
- First Round $3.5M
(Aug 2014)
All 1 funding rounds of FlexWage with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2014 | $3.5M | Series A | – | – | – |
Investments & Acquisitions by FlexWage
FlexWage has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Sum180.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Budgeting and finance tracking platform is provided for personal use. | sum180.com | Louisville, United States | 2014 | Apr 2019 | •••• |
Complete acquisition details for FlexWage
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of FlexWage
3 dated milestones of FlexWage across 10 years, from founding to its latest funding, stage changes and deals.
- Founded FlexWage is founded.
- Funding First funding round of $3.5M.
- Acquisition Acquires Sum180.
Competitors of FlexWage
FlexWage operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DailyPay, Sodexo, Earnin, Clara and Branch, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dailypay.com | 2015 | New York, United States | $269M | 845 | Developer of an online platform for employee financial benefits | |
| sodexo.com | 1966 | – | – | 423,000 | Employee benefits payment cards are provided via an online platform. | |
| earnin.com | 2012 | Palo Alto, United States | $190.1M | 242 | Real-time access to earned wages is provided fee-free. | |
| claralabs.com | 2014 | San Francisco, United States | $11.75M | 21 | Meetings are scheduled using AI by adding Clara to emails. | |
| branchapp.com | 2015 | Minneapolis, United States | $138.28M | 177 | Branch is focused on providing faster workforce payment solutions. | |
| payactiv.com | 2012 | San Jose, United States | $133.55M | – | Prepaid corporate cards are offered for on-demand employee wage access. | |
| getclair.com | 2019 | New York, United States | $67.7M | – | Embedded Earned Wage Access solutions are provided for HR platforms. | |
| rainapp.com | 2002 | Venice, United States | $160.88M | 86 | A platform for payday loans is provided by Rain. | |
| blackhawknetwork.com | 2001 | Pleasanton, United States | $249,272 | 1,558 | Prepaid cards for employee financial benefits are provided. |
Detailed competitors of FlexWage
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of FlexWage
The website of FlexWage (flexwage.com) receives about 11.9K visits a month.
- Monthly visits11.9K
▼ 8.9% vs previous month
Websites whose visitors overlap most with FlexWage. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| flexpointford.com | 100% | 6.4K | #2,660,887 | View details |
Similar companies to FlexWage
10 companies that operate in the same segment as FlexWage (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 726 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 5,000 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | – | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 349.23 M | USD 106.45 M | 1,749 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | – | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Digital lending and instant credit lines are provided to individuals. | 2016 | Gurugram, Haryana, India | USD 115 M | USD 18.69 M | 81 | |
Personal loans and lines of credit are provided by Mogo. | 2008 | Vancouver, British Columbia, Canada | – | USD 49.45 M | – |
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Frequently Asked Questions about FlexWage
FlexWage was founded in 2009 and raised its 1st funding round 5 years after it was founded.
FlexWage is headquartered in Mountainside, United States. It is registered at Mountainside, New Jersey, United States.
FlexWage is a funded company, having raised a total of $3.5M across 1 funding round to date. The company's 1st funding round was a Series A of $3.5M, raised on Aug 2014.
Flexwage provides innovative payroll card solutions to individuals and companies. The two main product offerings are Payroll cards and WageBank. It provides employees responsible access to short term money between regularly scheduled paydays. As such, it provides financial access to unbanked and underbanked populations benefiting workers. The difference the firm brings is that it removes the high cost of pay day loans and there is no interest associated with the WageBank product. WageBank interfaces with employers HRMS, providing employees access to earned wages in advance of their scheduled paydays thereby eliminating the need for costly predatory loans. Employees can take payment for wages they have earned but have not yet been paid and load the payments directly onto their payroll cards within seconds. Through its policy engine, employers manage velocity and disbursement value settings for WageBank access.
FlexWage offers OnDemand Pay, Flex Pay, Pay Card, and Sum180.
FlexWage has made 1 acquisition, including Sum180.
FlexWage operates through Flexwage Solutions.
Yes. FlexWage publishes FlexWage and 1 more app, with over 10,000 downloads.