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Announced

Completed

Smash Capital led a $175m Series C funding round in Wagestream.

Financials

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Transaction Value£134m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

financial platform

Private Equity

application

Cross Border

Minority

Friendly

Private

Completed

United Kingdom

Venture Capital

Software

Synopsis

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Smash Capital, a private equity firm, led a $175m Series C funding round in Wagestream, a financial application, with participation from BlackRock, Balderton Capital, Northzone, Fair By Design and Silicon Valley Bank. "When we launched Wagestream, many employers viewed financial wellbeing in the workplace as a long-term aspiration; now they realize it is an emergency. For example, 93% of companies we recently surveyed plan to put a financial wellbeing program in place, and we’re seeing a similar shift in the US. By addressing the financial wellbeing of their employees, employers become the hero and solve their own HR challenges in the process – from recruitment, to retention, to productivity," Peter Briffett, Wagestream Co-Founder and CEO.

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