Why now?

The world is changing.
The way employees are being paid is changing and we are at the forefront of that change.

80%

of employees require unsecured loans to make ends meet because they have to wait to be paid. This problem has been magnified by the worst economic crisis in a century. The question we’re asking is why can’t we access our wages as we earn them? The question we’re asking is why do employees have to borrow money at high interest rates when they lend money to their employer everyday, interest free?

R1.7 Billion

This is the amount South Africans are in debt. R140 Billion. This is the amount that is lent to employers on a monthly basis due to an archaic payroll system. Why should an employee have to loan money at 50% interest while they have money owing to them, sitting in their employer’s bank account?

80%

of employees require unsecured loans to make ends meet because they have to wait to be paid. This problem has been magnified by the worst economic crisis in a century. The question we’re asking is why can’t we access our wages as we earn them? The question we’re asking is why do employees have to borrow money at high interest rates when they lend money to their employer everyday, interest free?

R1.7 Billion

This is the amount South Africans are in debt. R140 Billion. This is the amount that is lent to employers on a monthly basis due to an archaic payroll system. Why should an employee have to loan money at 50% interest while they have money owing to them, sitting in their employer’s bank account?

SmartWage was established in February 2020, by four South Africans seeking to make an impact on a nation that is over indebted and lacks basic financial education tools. We are an impact driven team, focussed on changing the way South Africans get paid.

We are working hard to be South Africa’s most affordable and accessible wage-access software, ensuring that we uplift the African continent for generations to come through responsible, sustainable and scalable business practices.

Mission

Our mission is to eradicate the payday poverty cycle through access to earned wages and financial education.

Vision

Our vision is to create a future where no one should have to wait to be paid.