About Wagetap
Wagetap is a company based in Sydney (Australia) founded in 2019 by Declan Conlon and Mitchell Stevens.. Wagetap has raised $125 thousand across 1 funding round from investors including Y Combinator. Wagetap offers products and services including Wage Advance and Bill Split. Wagetap operates in a competitive market with competitors including Clair, Earnd, Wagepay, Paytime and SalaryFlex, among others.
- Headquarter Sydney, Australia
- Founders Declan Conlon, Mitchell Stevens
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Sectors
TechnologyFinancial Services
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Phone
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Website
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Social
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- Legal Name Digital Services Australia V 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
$125 K (USD)
in 1 rounds
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Latest Funding Round
$125 K (USD), Seed
Jun 01, 2022
- Investors
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Employee Count
Employee Count
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Products & Services of Wagetap
Wagetap offers a comprehensive portfolio of products and services, including Wage Advance and Bill Split. 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.
Allows early access to wages up to $2,000 for a fee.
Enables splitting and repaying bills in installments.
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Funding Insights of Wagetap
Wagetap has successfully raised a total of $125K through 1 strategic funding round. The most recent funding activity was a Seed round of $125 thousand completed in June 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 Seed — $125,000
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First Round
First Round
(01 Jun 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2022 | Amount | Seed - Wagetap | Valuation | Y Combinator |
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| 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 |
Investors in Wagetap
Wagetap has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator. 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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Early-stage startups are accelerated via funding and educational programs.
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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 Wagetap
| 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 - Wagetap
| 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 |
Wagetap Comparisons
Competitors of Wagetap
Wagetap 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, Earnd, Wagepay, 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 |
Financial wellness program for employees
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| domain | founded_year | HQ Location |
Cloud-based on-demand pay solutions are provided for enterprise 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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| domain | founded_year | HQ Location |
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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Frequently Asked Questions about Wagetap
When was Wagetap founded?
Wagetap was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Wagetap located?
Wagetap is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Who is the current CEO of Wagetap?
Mitchell Stevens is the current CEO of Wagetap. They have also founded this company.
Is Wagetap a funded company?
Wagetap is a funded company, having raised a total of $125K across 1 funding round to date. The company's 1st funding round was a Seed of $125K, raised on Jun 01, 2022.
What does Wagetap do?
Wagetap was founded in 2019 in Sydney, Australia, as an online platform in the fintech sector focused on payday loans. Access to a percentage of earned wages is enabled for employees before payday to handle unexpected expenses. Earnings are tracked via an application available on iOS and Android devices. Operations center on facilitating wage advances for financial management.
What products or services does Wagetap offer?
Wagetap offers Wage Advance and Bill Split.
Who are Wagetap's investors?
Wagetap has 1 investor. Key investors include Y Combinator.