Introducing Stream: Pioneering a New Era of Workplace Finance
Wagestream rebrand reflects expansion from Earned Wage Access to multi-product financial services platform - helping over three million global workers access the tools to build a better future
Founded in 2018 by
"Since pioneering flexible access to wages, Stream's portfolio of products has grown to become a must have benefit for large enterprises" commented
From Wagestream to Stream: A multi-product platform
Wagestream was founded to help everyday people avoid the poverty premium - the additional cost that workers on low incomes pay for essential goods and services. What began as a Earned Wage Access solution has grown into a platform that helps workers track, manage, save, and build towards their goals - allowing them to avoid high-cost alternatives and gain control of their finances.
Over 2,000 brands including Burger King, Popeyes, New Balance, Hilton and Owens & Minor already use Stream to deliver financial benefits to their teams. Stream also partners with a number of leading HR technology and payroll providers - including new partnerships with ADP and Workday - to seamlessly embed financial services into the workplace.
"With our expanded platform, we are pioneering the workplace finance category and leading a fundamental shift in the employee-employer relationship. By making financial services available at work, we're making personal finance more inclusive, more accessible and fairer for workers." Briffett commented.
Committed to financial innovation
The Stream platform offers a broad range of products and tools designed to give workers visibility, flexibility and control over their money, including:
- Pay - workers can access earned wages before payday
- Track - helps workers plan and forecast; it is used 34x per month on average[1]
- Save - workers can save directly from salary with a competitive interest rate of 5.13% APY
- Budget - provides real time visibility across all spending
- Rewards - unlocks savings on everyday essentials
- Coach - personalised financial education and virtual coaching
- Claim - finds unclaimed benefits
- Tax - allows W-4 contributions to be adjusted month to month
- Score - detailed credit reports with suggestions on how to improve one's credit score
- Achievements - build better financial habits with badges, achievements and daily goals
In total, workers have saved over
Stream has over 75 investors including major financial and social impact firms: Fair By Design, Northzone, QED, Balderton, Smash Capital, BlackRock, Village Global, British Business Bank, Social Tech Trust and Better Society Capital.
To hear more from the founders about the rebrand, click here.
Press contact:
[email protected]
About Stream
Globally, three million people now have access to the Stream platform through 2,000 brands - across the
[1] Stream Platforms, Inc. is a B corporation, built with a social charter to provide fair financial services.
[2] Source: Stream usage dataSource: Wagestream Impact Advisory Board,
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SOURCE Stream
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