SmartWage
Latest round
- Seed
Last raised
- Apr 2022
Total raised
- $2M
Investors
- 3
About SmartWage
SmartWage Pty Ltd was founded in 2019 in Cape Town, South Africa. The company focuses on offering wage advance services, enabling employees to access earned wages before payday. The leadership team includes co-founders Caroline van der Merwe, Jacob Kang, Simon Ellis, and Tessa Glyn, with Jacob Kang and Simon Ellis serving as CEOs.SmartWage provides innovative solutions aimed at streamlining payroll processes and improving financial well-being for employees. Their core offerings include a comprehensive wage advance platform that allows employees to access earned wages before the traditional payday, addressing cash flow challenges faced by workers, especially hourly wage earners in various industries.SmartWage generates revenue through a subscription-based model where businesses pay a fee to offer the wage advance service to their employees. This model facilitates seamless integration into existing payroll systems, ensuring a smooth experience for employers and employees. Their clients, including small to medium-sized enterprises, partner with SmartWage to enhance employee benefits without significant upfront costs. Additionally, SmartWage is targeting expansion into new geographic markets beyond South Africa to increase its customer base and engagement, with specific plans to enter targeted regions in the coming years.
Who invested in SmartWage
3 investors across 2 rounds
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Questions about SmartWage
Who invested in SmartWage?
SmartWage has 3 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has SmartWage raised?
SmartWage has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did SmartWage last raise money?
SmartWage's most recent round on record is a Seed, in Apr 2022.
What does SmartWage do?
SmartWage Pty Ltd was founded in 2019 in Cape Town, South Africa.
Where is SmartWage headquartered?
SmartWage is headquartered in Cape Town, South Africa.
Which VCs invest in companies like SmartWage?
Among active investors with capital left to deploy, WestBridge Capital Partners, Ventures Platform, Norrsken22 and 4DX Ventures back software companies at SmartWage's stage. Their profiles are linked below.
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