Wagestream
- Company typePrivate
- Founded2018
- HeadquartersLondon, United Kingdom
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
Wagestream firmographics
Firmographics- Name
- Wagestream
- Legal name
- Stream Group Holdings Ltd
- Website
- https://wagestream.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
Wagestream industry classification
Industry- Product category
- Employee Financial Wellness Software
- akta.pro primary industry
- Cross-Border B2B2C Payouts (Mass Payouts, Gig/Creator, Marketplace) (FSAGAKAC)
Keywords
Where Wagestream is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Markets served
Wagestream business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Employer Subscription / Platform Fees: B2B subscription model where Stream charges employers (or their benefits providers) for access to the financial wellness platform. Pricing appears to be enterprise/quote-based, with the platform offered as an employee benefit.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise employer platform - custom pricing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Wagestream product offering
Product offeringCore offering
Stream (formerly Wagestream) provides a B2B2C financial wellbeing platform sold to employers as an employee benefit, giving workers flexible access to their earned wages before payday, high-yield workplace savings at 5.13% APY, AI-driven financial coaching, budgeting tools, and employee discounts. The platform is delivered exclusively through employer partnerships across hospitality, retail, healthcare, education, and food service, integrating directly with customer payroll and HR systems.
Product overview
Stream is a unified financial wellbeing platform offered by Wagestream, consisting of a core platform and multiple integrated modules. The platform helps workers earn, learn, save, and spend on their own terms through a smartphone app. Core product is Pay (Earned Wage Access), complemented by financial education tools (Coach), budgeting tools (Budget), state benefits assistance (Claim), goal achievement tracking (Achievements), employee discounts (Rewards), financial concierge services (Concierge), shift tracking (Track), and high-yield savings (Workplace Savings). The platform is available exclusively through employer partnerships and integrates with payroll, HR, and time and attendance systems.
Differentiator
Problem solved
Functional benefit
Products and services
- Stream Financial Wellbeing Platform A unified B2B2C financial wellbeing platform sold to enterprise employers and delivered to their hourly and frontline employees via a smartphone app, enabling workers to earn, learn, save, and spend on their own terms.
- Pay (Earned Wage Access) Flexible earned wage access that allows employees to draw a portion of their already-earned wages before scheduled payday, addressing cash-flow gaps between pay cycles.
- Workplace Savings High-yield workplace savings account offering 5.13% APY to help employees build long-term financial security, with banking services provided by Piermont Bank (FDIC-insured).
- Concierge (AI Financial Assistant) AI-powered financial assistant that delivers personalized support, coaching, and guidance to employees around the clock as part of the Stream platform.
- Coach (Financial Education) Financial education and personalized coaching service designed to help workers improve their financial health.
- Budget (Budgeting Tools) Budgeting tools that help employees manage their earnings and track spending within the Stream financial wellbeing app.
- Claim (State Benefits Assistance) Tools that help employees identify and claim state benefits they may be entitled to, increasing take-up of available support.
- Achievements (Goal Tracking) Goal-setting and tracking feature that helps employees work towards life's milestones through structured financial achievements.
- Rewards (Employee Discounts Program) Employee discounts program that provides access to exclusive savings on purchases for workers using the Stream platform.
- Track (Shift Pay Tracking) Shift tracking feature that helps employees and employers monitor work hours and the pay associated with them.
Quantifiable outcome
- 76% of members feel more in control of their financial goals since using Stream
- +3 more outcomes
Companies that use Wagestream
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles1 record
Wagestream technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Wagestream partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Piermont BankcoreBanking services for Stream's Save product are provided by Piermont Bank, Member FDIC. This partnership enables the 5.13% APY savings account offering, with funds FDIC-insured up to $250,000.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Wagestream competitors and assessment
Company assessmentDirect peers
- DailyPay: DailyPay is one of the largest direct competitors in Earned Wage Access, offering on-demand pay through employer partnerships with a similar B2B2C model and enterprise sales motion. It serves many of the same large employer verticals (hospitality, retail, food service) and competes head-to-head for Fortune-level accounts.
- Even: Even is a direct EWA peer offering on-demand pay, budgeting, and savings tools through employer partnerships, with a comparable B2B2C distribution model and similar product breadth including financial wellness features. Like Stream, Even targets large hourly-workforce employers.
- Payactiv: Payactiv is a direct competitor providing earned wage access alongside bill pay, savings, and financial wellness tools through employer integrations. It targets the same underserved hourly workforce segment via a similar B2B2C SaaS model.
- Earnin: Earnin offers earned wage access through a consumer-direct mobile app model with optional tipping, competing with Stream for the same hourly-worker end user base. While its GTM is more B2C than Stream's B2B2C, both platforms target the same financial-stress-driven user segment.
- ZayZoon: ZayZoon is a direct EWA competitor focused on small and mid-sized employers, particularly in Canada where Stream also operates. It offers a similar combination of earned wage access, bill payment, and financial wellness tools through employer partnerships.
- Branch: Branch provides earned wage access and digital banking/payments tools to hourly workers via employer integrations, competing directly with Stream for enterprise accounts in industries like staffing, restaurant, and retail. Its product suite overlaps significantly with Stream's Pay and broader platform modules.
Broad incumbents
- Paylocity: Paylocity is a broader HR and payroll incumbent that has added financial wellness and earned wage access features to its enterprise platform. While its core focus is payroll/HR SaaS, its growing financial benefits suite competes for the same employer budget as Stream's platform subscriptions.
- ADP: ADP is the largest payroll and HR services incumbent globally and has been expanding into earned wage access and financial wellness offerings for its enterprise client base. Its scale and existing employer relationships make it a strategic threat if it bundles comparable EWA functionality into core payroll contracts.
Emerging players
- Clair: Clair is an emerging fintech providing on-demand pay and banking services to hourly workers, primarily through staffing agency partnerships. While its distribution model and scale differ from Stream's enterprise direct-sales approach, it overlaps meaningfully on the EWA product and target user persona.
Others
- PaySense (Pay.com.au / similar regional players): PaySense and similar regional employee financial wellness platforms offer on-demand pay and earned wage access in adjacent geographies, providing a comparable employee-benefit-driven model though not directly competing in Stream's core US/UK/Canada markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Wagestream social profiles
Digital presenceWagestream compliance and trust
Trust signalCompliance3 records
Wagestream financial estimates
Financial estimateRevenue estimate
Valuation estimate
Wagestream leadership team
Management profileNumber of profiles
Wagestream subsidiaries and ownership
Company hierarchySubsidiaries1 record
Wagestream funding detail
Funding detailFunding overview
Funding rounds20 records
Investors24 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Wagestream M&A and investment
M&A and investmentM&A3 records
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Wagestream
What does Wagestream do?
Stream (formerly Wagestream) provides a B2B2C financial wellbeing platform sold to employers as an employee benefit, giving workers flexible access to their earned wages before payday, high-yield workplace savings at 5.13% APY, AI-driven financial coaching, budgeting tools, and employee discounts. The platform is delivered exclusively through employer partnerships across hospitality, retail, healthcare, education, and food service, integrating directly with customer payroll and HR systems.
Is Wagestream a public or private company?
Wagestream is a private company. It is classified as venture growth investor backed and is currently operating.
When was Wagestream founded?
Wagestream was founded in 2018. It employs 251 to 500 people.
Where is Wagestream based?
Wagestream is headquartered in London, United Kingdom, in the Europe region.
How does Wagestream make money?
One revenue line is on record: employer Subscription / Platform Fees.
Who are Wagestream's main competitors?
Direct peers on record are DailyPay, Even, Payactiv, Earnin, ZayZoon and Branch. Broad incumbents are Paylocity and ADP. Clair is listed as an emerging player. PaySense (Pay.com.au / similar regional players) is listed as an others.
Does Wagestream have an API?
No public API is recorded for Wagestream.
What industry is Wagestream in?
Wagestream's product category is Employee Financial Wellness Software. Its primary akta.pro industry code is FSAGAKAC, Cross-Border B2B2C Payouts (Mass Payouts, Gig/Creator, Marketplace).