About Wagepay
Wagepay is a Technology company based in Brisbane (Australia) founded in 2020. Cloud-based on-demand pay solutions are provided for enterprise employees. It operates in the Technology and Financial Services sectors. Wagepay has raised $10 million across 1 funding round from investors including FC Capital. Its website wagepay.com.au draws about 31 thousand monthly visits. Wagepay offers products and services including Wage Advance, Reward Points, Credit Scoring, Bank Scoring, and Mobile App. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its legal entity is Wagepay PTY LTD. Its competitors include Wagetap, Earnd and Paytime; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Brisbane, Australia
- SectorsTechnologyFinancial Services
- Website category Gambling · Sports Betting
- Email••••••••
- Website wagepay.com.au
- Legal Name Wagepay Pty Ltd
- Total Equity Funding$10M (USD)
in 1 rounds
- Latest Funding Round$10M (USD), Series B
Nov 2022
- Investors
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.
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.
Apps and channels of Wagepay
Wagepay publishes 1 mobile app with over 100K+ downloads.
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 $10M
- Total Rounds 1
- Last Round Series B — $10M
- First Round $10M
(Nov 2022)
- Investors Count 1
All 1 funding rounds of Wagepay 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 |
|---|---|---|---|---|---|
| Nov 2022 | $10M | Series B | – | FC Capital | – |
1 investors in total: 1 institutional.
Investors in Wagepay
Wagepay has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include FC Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provides private debt and direct lending solutions for businesses and investors. | 2012 | fccapital.com.au | Sydney, Australia |
Investor details for Wagepay
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Timeline of Wagepay
2 dated milestones of Wagepay across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Wagepay is founded.
- Funding First funding round of $10.0M.
Competitors of Wagepay
Wagepay has 3 listed competitors in our database, 2 of them funded. They include Wagetap, Earnd and Paytime.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wagetap.com | 2019 | Sydney, Australia | $125,000 | Earned wages are accessed early through an app-based platform. | ||
| earnd.com | 2018 | Sydney, Australia | $60.58M | Financial wellness program for employees | ||
| paytime.com.au | 2020 | Sydney, Australia | On-demand pay and benefits are administered online for enterprises. |
Detailed competitors of Wagepay
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Web traffic of Wagepay
The website of Wagepay (wagepay.com.au) receives about 31.4K visits a month and ranks #532,740 among all websites worldwide, #8,273 in Sports Betting.
- Monthly visits31.4K
▼ 32.5% vs previous month
- Unique visitors15.2K
per month
- Global rank#532,740
among all websites
- Category rank#8,273
Gambling · Sports Betting
- Bounce rate28%
- Pages per visit4.5
- Average visit1 min 28 sec
- DevicesDesktop 6% · Mobile 94%
Websites whose visitors overlap most with Wagepay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| presspay.com.au | 100% | 198.3K | #216,039 | View details | |
| paytime.com.au | 27% | 4.2K | #4,383,827 | View details | |
| beforepay.com.au | 27% | 311.4K | #102,766 | View details | |
todaypay.au | todaypay.au | 26% | #2,309,800 | – | |
| wagetap.com | 25% | 62.6K | #516,099 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Wagepay
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- 6 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Related news about Wagepay
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Frequently Asked Questions about Wagepay
Wagepay was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Wagepay is headquartered in Brisbane, Australia. It is registered at Brisbane, Queensland, Australia.
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 2022.
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.
Wagepay offers Wage Advance, Reward Points, Credit Scoring, Bank Scoring, and Mobile App.
Wagepay has 1 investor. Key investors include FC Capital.
Wagepay operates through Wagepay Pty Ltd.
Yes. Wagepay publishes Wagepay: Instant Pay Advance, with over 100,000 downloads.