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.