Introducing Stream: Pioneering a New Era of Workplace Finance

Wagestream, the world's most widely-used workplace finance provider, announced it has rebranded to Stream. Under its new name, the company will accelerate its mission to reduce the poverty premium by partnering with the world's best employers and delivering fair financial tools to the everyday worker. Founded in 2018 by Peter Briffett and Portman Wills, Stream is now available to over three million workers. By 2028, the company aims to provide support to 10 million+ people worldwide with an expanding platform of financial tools accessed transparently through its workplace app. "Since pioneering flexible access to wages, Stream's portfolio of products has grown to become a must have benefit for large enterprises" commented Peter Briffett, co-founder of Stream. "Our new name reflects our focus on helping people from all backgrounds see where money is coming from, and manage where it's going. We're creating a new way for financial services to be distributed, giving workers cheaper and more accessible financial products that are simply not provided by retail banks." From Wagestream to Stream: A multi-product platform Wagestream was founded to help everyday people avoid the poverty premium - the additional cost that workers on low incomes pay for essential goods and services. What began as a Earned Wage Access solution has grown into a platform that helps workers track, manage, save, and build towards their goals -  allowing them to avoid high-cost alternatives and gain control of their finances. Over 2,000 brands including Burger King, Popeyes, New Balance, Hilton and Owens & Minor already use Stream to deliver financial benefits to their teams. Stream also partners with a number of leading HR technology and payroll providers - including new partnerships with ADP and Workday - to seamlessly embed financial services into the workplace. "With our expanded platform, we are pioneering the workplace finance category and leading a  fundamental shift in the employee-employer relationship. By making financial services available at work, we're making personal finance more inclusive, more accessible and fairer for workers." Briffett commented. Committed to financial innovation The Stream platform offers a  broad range of products and tools designed to give workers visibility, flexibility and control over their money, including:

• Pay - workers can access earned wages before payday
• Track - helps workers plan and forecast; it is used 34x per month on average^[1]
• Save - workers can save directly from salary with a competitive interest rate of 5.13% APY
• Budget  - provides real time visibility across all spending
• Rewards -  unlocks savings on everyday essentials
• Coach - personalised financial education and virtual coaching
• Claim - finds unclaimed benefits
• Tax - allows W-4 contributions to be adjusted month to month
• Score - detailed credit reports with suggestions on how to improve one's credit score
• Achievements - build better financial habits with badges, achievements and daily goals

In total, workers have saved over $200 million^[2] with these tools, creating a new category now collectively known as workplace finance. Stream has over 75 investors including major financial and social impact firms: Fair By Design, Northzone, QED, Balderton, Smash Capital, BlackRock, Village Global, British Business Bank, Social Tech Trust and Better Society Capital. To hear more from the founders about the rebrand, click here.