For millions of frontline workers in retail, hospitality, and other hourly sectors, the gap between paydays can cause real financial stress. Stream, formerly known as Wagestream, set out to change that by giving employees access to practical, fair financial tools directly through their employers.
The company has just closed a $90 million Series D funding round, led by Sofina and joined by Better Society Capital, with continued backing from investors like the British Business Bank, Balderton, and Northzone. The raise brings its total funding to $228 million.
Putting workers in real control of their finances
Stream was co-founded by Peter Briffett and Portman Wills to improve workers’ financial well-being by partnering with employers to give people the tools to manage, save, and plan their money with more freedom.
Stream’s platform connects directly with employers’ payroll systems, giving workers access to their money and financial tools through a single app. What started as an earned wage access feature has grown into a multi-product platform that includes budgeting, savings, and affordable credit options.
Following its acquisition of Zippen, Stream is rolling out pensions technology to help workers find and combine lost pension pots, a problem that adds up to over £31 billion in the UK alone. Since the product launched, Stream has already reunited users with nearly £8 million in unclaimed pensions.
The company often draws comparisons to other workplace finance and earned wage access players, such as DailyPay, Even, PayActiv, and Hastee, but its combination of impact mission, full financial suite, and global reach sets it apart.
The platform supports more than four million workers across 2,000 employers in the UK, Europe, and the US.
What’s next?
Stream plans to use the new capital to grow its pensions and long-term savings offerings in the UK and accelerate its expansion in the US through new partnerships and integrations.
