Wage, a San Francisco, CA-based infrastructure software solution that lets people share their payroll data with third parties, closed a $5M funding round. The round was led by Google’s AI-focused venture fund, Gradient Ventures, with follow-on investment from 8VC, Pear Ventures, Bloomberg Beta, CoFound Partners, and executives from SoFi, Public, Zillow, and Affirm.
“Historically, payroll data access has been a burdensome process for financial services providers, consumers, and employers,” said Ben Prawdzik, CEO and co-founder of Wage. “Our solution is comparable to a credit check. We completely remove the friction point of relying on consumers or their employers to act, whether uploading a document, entering data, taking a phone call, or going through a login flow.”
The company intends to use the funds to scale customer acquisition and support additional payroll data partnerships.
Announcement: Wage Raises $5M to Let Employees Share Payroll Data