About Wagepay
Wagepay is a company based in Brisbane (Australia) founded in 2020.. Wagepay has raised $10 million across 1 funding round from investors including FC Capital. Wagepay offers products and services including Wage Advance, Reward Points, Credit Scoring, Bank Scoring, and Mobile App. Wagepay operates in a competitive market with competitors including Clair, Wagetap, Earnd, Paytime and SalaryFlex, among others.
- Headquarter Brisbane, Australia
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
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- Legal Name Wagepay Pty Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Series B
Nov 15, 2022
- Investors
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Employee Count
Employee Count
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Products & Services of Wagepay
Wagepay offers a comprehensive portfolio of products and services, including Wage Advance, Reward Points, Credit Scoring, Bank Scoring, and Mobile App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers early access to wages before payday with quick approval.
Provides points redeemable for gift cards and travel perks.
Gives free access to users' credit scores from Equifax.
Delivers proprietary scores to improve credit worthiness.
Allows convenient access to wage advances and services online.
Funding Insights of Wagepay
Wagepay has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Series B round of $10 million completed in November 2022. 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 Total Funding
- Total Rounds 1
- Last Round Series B — $10.0M
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First Round
First Round
(15 Nov 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2022 | Amount | Series B - Wagepay | Valuation | FC Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Wagepay
Wagepay has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include FC Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Provides private debt and direct lending solutions for businesses and investors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wagepay
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Wagepay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wagepay Comparisons
Competitors of Wagepay
Wagepay 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 Clair, Wagetap, Earnd, Paytime and SalaryFlex, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Embedded Earned Wage Access solutions are provided for HR platforms.
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| domain | founded_year | HQ Location |
Earned wages are accessed early through an app-based platform.
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| domain | founded_year | HQ Location |
Financial wellness program for employees
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| domain | founded_year | HQ Location |
On-demand pay and benefits are administered online for enterprises.
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| domain | founded_year | HQ Location |
Provides early salary access via app for employee financial relief.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wagepay
Frequently Asked Questions about Wagepay
When was Wagepay founded?
Wagepay was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Wagepay located?
Wagepay is headquartered in Brisbane, Australia. It is registered at Brisbane, Queensland, Australia.
Is Wagepay a funded company?
Wagepay is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Series B of $10M, raised on Nov 15, 2022.
What does Wagepay do?
Provider of cloud-based employee-on-demand pay solutions for enterprises. It gives employees access to a percentage of earned wages before payday for managing unexpected expenses. It also provides tools for managing the expense budget, savings, and credit monitoring. Users need to create and register for personal accounts and link the wage account, in order to access early wage financing. It is available to download from google play and the apple store.
What products or services does Wagepay offer?
Wagepay offers Wage Advance, Reward Points, Credit Scoring, Bank Scoring, and Mobile App.
Who are Wagepay's investors?
Wagepay has 1 investor. Key investors include FC Capital.
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