Wagestream Ltd. Asset Profile

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Year established

2018

Location

London UK

Primary Industry

Financial Services

About

Founded in 2018 by Peter Briffett (CEO) and Portman Wills, and based in London, UK, Wagestream Ltd. operates as a developer of a mobile application that enables employees to analyze and manage their spending and finances. The firm’s customer base includes Asda, Bupa, Crate & Barrel, Pizza Express, and the NHS. In April 2024, Wagestream Ltd. raised EUR 20.4 million in venture funding from investors British Patient Capital and Lombard Odier Investment Managers. Wagestream offers a workplace finance platform aimed at enhancing the financial well-being of frontline workers. The platform encompasses various features including pay and spending tracking, flexible pay options, financial coaching, and access to certified financial coaches, to enable employees on their financial journeys. The platform provides real-time visibility into a user’s pay and spending, promoting financial awareness and accountability. Automated features like the rainy-day pot are also offered to facilitate savings and financial resilience. Furthermore, each user is paired with a certified financial coach, accessible via the app, providing personalized guidance and resources. The company intends to use the April 2024 funding to add more services to its offerings.

Current Investors

QED Investors, Firestartr, Funding London

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Primary Industry

Financial Services

Sub Industries

Consumer Finance, e-Financial, Accounting/Finance Software

Website

www.wagestream.com

Verticals

FinTech, Mobile Apps

Company Stage

Series C

Total Amount Raised

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Timeline of Key Events

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Financials

Fiscal Year Ended
Revenue (USD)
% Revenue Growth (YoY)
Operating Income (USD)
Operating Margin
EBITDA (USD)
% EBITDA Margin
NET Income (USD)
% Net Margin

30 Jun 2019

(3,002,574)

31 Dec 2019

(3,343,053)

31 Dec 2020

31 Dec 2021

31 Dec 2022

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Deals

Deals Type
Add-on, Trade Sale

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	Australian Operations of Earnd Pty Ltd	09 Feb 2023

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Employee Data

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