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payday solution Tag

SA startup SmartWage raises R6m to expand payday solution

Johannesburg based startup SmartWage has raised a R6-million investment to help it to grow its solution that allows companies to give employees instant access to their earned salaries and wages. It follows the announcement on Monday (22 June) that former Springbok Bryan Habana’s fintech Paymenow had landed a R4-million investment from ViaMedia for its app that allows employees early access to already earned wages. SmartWage’s fundraise was led by Chris Lister-James from Johannesburg-based seed investor FiTech Ventures which has previously invested in other SA fintech startups like Franc, uKheshe and Payflex. SmartWage was founded in November 2019 by Nick, Alex Platt and Simon Ellis The investment, agreed earlier this week, comes in the form of a Simple...