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Ending Payday Poverty with Peter Briffett (Wagestream)

Author
Billy Truswell
Published
Tue 04 Feb 2020
Episode Link
https://discovery.journeyfurther.com/tagged/podcast

55% of UK families don't have £250 in savings, which means unplanned expenses often result in overdraft charges, credit card fees or worse...payday loans and the beginning of an inescapable debt cycle.

Fintech startup Wagestream are on a mission to put all payday loan companies out of business by giving employees access to their wages in real-time, increasing financial wellbeing and employee engagement in the process.

Headed up by serial entrepreneur Peter Briffett, Wagestream raised $51million in Series A funding in 2019, with earlier investors including Bill Gates and Jeff Bezos.

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