SmartWage
Smart solution that gives employees instant access to their earnings.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
* | N/A | N/A | - |
| Total Funding | 000k | ||
| USD | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 327 % | 88 % | 254 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Related Content
SmartWage, a South African startup, offers a unique financial solution aimed at improving employee financial wellness. The company operates in the financial technology (fintech) sector, providing services primarily to businesses and their employees. SmartWage's core offering is an innovative platform that allows employees to track and access their earnings in real-time. This means employees can see how much they have earned at any point during the pay cycle and can withdraw their earnings before the traditional payday. This service helps employees manage unexpected expenses without resorting to high-cost payday loans or other forms of expensive credit.
SmartWage serves a diverse range of clients, from small businesses to large corporations, across various industries. The primary market is South Africa, where there is a significant need for accessible and affordable financial solutions due to economic challenges faced by many workers.
The business model of SmartWage revolves around providing a subscription-based service to employers. Companies pay a fee to offer SmartWage's platform to their employees as a benefit. This model not only helps employees manage their finances better but also aids employers in reducing financial stress among their workforce, which can lead to increased productivity and reduced absenteeism.
SmartWage generates revenue through these subscription fees paid by employers. Additionally, the company may offer premium services or features that could provide additional revenue streams. For example, their financial education platform and free credit report service are value-added features that enhance the overall offering and could be monetized in the future.
In summary, SmartWage is revolutionizing the way employees access their earnings, providing a much-needed financial lifeline and promoting financial wellness. By offering real-time access to earnings and financial education, SmartWage is not only helping employees avoid debt but also fostering a more financially stable workforce.
Keywords: fintech, real-time earnings, financial wellness, payday solution, employee benefits, South Africa, subscription model, financial education, credit report, employer services.