Founded in 2020, Wagepay is an Australian-owned FinTech focused on offering a convenient way for employed Australians to access pay without waiting on an employer-determined pay cycle. The wage advance service allows applicants to access a portion of their pay before payday.

Wagepay uses digital lending and risk management technology to make the best use of economies of scale. The short application process utilises this advanced technology to analyse the current income and spending habits of each applicant, guided by responsible lending principles.

The wage-on-demand service is an alternative to bank overdraft fees, payday loans and credit cards. Wagepay charges a 5% fee and aims to provide convenience and financial wellbeing to employed Australians.