Wagestream Acquires Earnd Australia
Summary
Wagestream, a London, UK-based financial wellbeing platform, acquired the Australian operations of fintech startup Earnd. Founded in 2018, Earnd is a provider of on-demand pay, also known as Earned Wage Access (EWA). Offered as a benefit by employers, this allows workers to access their money as it’s earned, throughout the month. A number of employers in Australia now offer the service, through Earnd, including Hungry Jack’s, JD Sports and The Adecco Group. Led by Peter Briffett, founder and CEO, Wagestream is a financial wellbeing platform that helps employers provide a suite of financial resilience tools to their employees — allowing them to track their income, access earnings on-demand throughout the month, put money away with a micro-savings tool called Safestream, and learn about money management with financial education and coaching delivered in app.