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MyWagePay

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On-demand pay platform enabling instant access to earned wages.

Overview

MyWagePay operates in the on-demand pay sector, offering a platform that enables employees to access earned wages before their scheduled payday. This service is designed to assist individuals who may encounter financial emergencies, serving as an alternative to high-cost short-term loans. MyWagePay integrates with employer payroll systems to facilitate secure and efficient fund transfers via mobile applications. The platform targets small and medium-sized enterprises (SMEs) by providing embedded credit solutions, which are supported by the Central Bank of Kenya. This approach aims to help employees manage their cash flow while also enhancing the offerings available to employers, potentially contributing to financial wellness and employee retention.

Key facts

Founded
2021
Headquarters
Nairobi, Kenya

Business model

Contact

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About MyWagePay

What does MyWagePay do?

MyWagePay operates in the on-demand pay sector, offering a platform that enables employees to access earned wages before their scheduled payday.

Where is MyWagePay headquartered?

MyWagePay is headquartered in Nairobi, Kenya.

When was MyWagePay founded?

MyWagePay was founded in 2021.

Which sector is MyWagePay in?

MyWagePay operates in Digital Lending, part of Financial Technology.

Who are MyWagePay's competitors?

Companies similar to MyWagePay include Kini, Linxe, and FlexxPay.