Wagestream, which trades as Stream, is a workplace finance platform that partners with employers to deliver financial tools and education to their workers through a single smartphone app. The product suite is broad: Flexible Pay provides earned wage access, Track forecasts shifts and earnings, Save offers savings at competitive APR rates, Budget gives real-time spending visibility, Coach delivers financial education, Rewards supplies everyday discounts, and Workplace Loans are offered at fair interest rates. The platform is distributed through employers rather than sold direct to consumers, and targets frontline and essential workers in particular.
The technical work spans fintech and mobile application development, earnings and shift forecasting, data analytics and financial education technology. Information security is treated as a core discipline: the company is ISO 27001 certified. Engineering teams work against the constraints of payroll and HR integrations, real-time financial data and a regulated product set, at a scale that includes more than 2,000 employer brands and upwards of 4 million workers across the UK, the US and Europe.
The company was founded on a social charter to improve the financial wellbeing of everyday workers, and was built with guidance from financial charities and impact investors. Its stated aim is to reduce financial stress, which it argues affects productivity and job satisfaction, by letting workers earn, learn, save, spend and borrow on their terms. Fairness is a recurring theme in the product design, from interest rates to the tools themselves.
