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Smash Capital leads USD175m WageStream Series C round

Wagestream, a financial wellbeing app founded by charities and designed for frontline workers, has closed a $175 million Series C funding round as it prepares to scale up support for underserved, financially stressed workers across North America and beyond.

Wagestream, a financial wellbeing app founded by charities and designed for frontline workers, has closed a $175 million Series C funding round as it prepares to scale up support for underserved, financially stressed workers across North America and beyond.

The funding round is led by new investors Smash Capital – a US-based investment firm focused on later-stage consumer Internet and technology companies. 

Smash’s prior investments include Epic Games, Reddit, SonderMind, and DuckDuckGo, among others. Smash’s founders previously led investments for The Walt Disney Company and leading venture capital firms. 

The round also includes new investors BlackRock, joined by follow-on investments from existing shareholders Balderton Capital, Northzone, charity fund Fair By Design, and new financing from Silicon Valley Bank.

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