Wagepay sees customer-base skyrocket

Wagepay, one of the latest fintech companies to launch in the Australian market, has experienced exponential growth in their first two months of operation. The fintech has attracted more than 8,000 active users opting to access their earned wages on their own schedule. The 100% digital service is on-track to attract 100,000 users over the next 12-month period.

Tony Chan, Founder and CEO of Wagepay, is thrilled to see the amount of traction the business has gained since its official launch earlier this year.

“Wagepay’s mission is to promote financial wellbeing around the world and help our users with access to credit products. We are a long way from achieving that objective, but we are glad to see our business has gained the trust of thousands of Australians this early on in our journey,” says Tony.

In line with this mission, Wagepay is set to release a full raft of new features this year, including credit score monitoring and advisory services, AI-driven expense management and a brand new mobile app which is in the works. It is also in partnership discussions with some of Australia’s most popular brands to offer cash back rewards for its users.

“Eventually, we will make the wage-on-demand feature free to use,” Tony added. “It will become one of many perks we offer to the seven million Australians in need to improve their financial situation.”

In addition to active users, Wagepay has seen nearly 50,000 applicants sign-up. With this significant growth considered, the company is already in talks with investors regarding expansion to meet the high demand of consumer interest for the product.