Categories  /  Financial Wellbeing  /  Wagestream

Wagestream

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About Wagestream

Wagestream is a financial wellbeing platform that gives employees more control over when they get paid and provides tools to help them build better financial habits. It's designed to help employers boost retention, productivity, and engagement by tackling employee financial stress at its source.

Company Info
Website
Social Media
LinkedIn  ·  X/Twitter  ·  Facebook  ·  Instagram
Year Founded
2018
Headquarters
London, United Kingdom
Company Size
201–500

Perkwise Insight

Overview

Wagestream is a financial wellbeing platform that gives employees more control over when they get paid and provides tools to help them build better financial habits. It's designed to help employers boost retention, productivity, and engagement by tackling employee financial stress at its source. The platform integrates directly with existing payroll and time-tracking systems to offer earned wage access (EWA), automated savings, financial education, and coaching.

Best For

Companies with hourly workers and shift-based industries

Pricing

Not listed. Each transfer incurs a fixed transaction fee of £1.75 each.

Customers

Over 1,000 customers including Domino's, Hilton, New Balance, and ASDA

Pros
Earned Wage Access (EWA)
Employees can access a portion of their already-earned wages before payday, which dramatically reduces financial stress and reliance on predatory loans.
Financial Education Focus
Real Impact on Retention
Cons
Employee Adoption Can Require Internal Promotion
Without proper internal marketing, employee usage rates may start slowly. HR teams need to actively promote the benefit for maximum impact.
Limited Customisation for Smaller Businesses
More Info

Key Features & Benefits

Earned Wage Access

What It Does

Allows employees to transfer a portion of their already-earned wages to their bank account before payday.

Why It Matters

This reduces financial stress and eliminates the need for predatory payday loans or credit card debt.

Smart Savings

What It Does

Automated savings tools that help employees build emergency funds and save for specific goals.

Why It Matters

Creates a safety net for employees while promoting healthier financial habits.

Financial Education Hub

What It Does

Provides bite-sized financial education content, personalised insights, and money management tools.

Why It Matters

Addresses the root cause of financial stress by building employee capability.

Powerful Analytics Dashboard

What It Does

Provides employers with anonymised insights into financial wellness trends across their workforce.

Why It Matters

Helps HR teams measure program impact and identify where additional support might be needed.

Implementation & Support

Setup Process

Typical implementation process involves:

  • Integration with payroll and time-tracking systems
  • Employee data upload and verification
  • Admin training and dashboard setup
  • Employee communication materials and launch planning

Technical Requirements

Wagestream works with most major payroll and time-tracking systems. It requires:

  • API access to your payroll or time-tracking systems
  • Secure data transfer protocols
  • Admin access for designated HR or payroll team members

Support Options

  • Dedicated implementation specialist during setup
  • Account manager for ongoing program management
  • Email and phone support for administrators
  • In-app chat support for employees
  • Online knowledge base and implementation guides
Reviews

Customer Reviews

“Love being able to get hold of a portion of my wages early to cover unexpected bills. Saves having to go into any overdraft. The app is so user-friendly and the transfer is instantaneous.”
Julia
5
“I've worked for 2 different employers who use Wagestream and it is the best thing ever. It lets you access up to 50% of your pay early should you need it — a brilliant and stress-reducing employee benefit.”
Antonio
4.5
“I don't feel like I'm dying for month end again. Moreover, if something happens, forget borrowing from anyone — I can pace myself and be on top of my finances.”
Raul
5
“It's made a great difference — I can get my own money that I've earned and not ask others or go into debt. Really empowering tool.”
Phil
5
“Times are hard at the moment so this has made it easier for me being a single mum of two children. Having access to my earned wages early has been a lifesaver. Thanks Wagestream, appreciate the help.”
Karen
5

Alternatives

Other Financial Wellbeing Vendors