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Cape Town payroll technology company offering earned wage access so hourly workers can get pay before payday.
SmartWage Pty Ltd was founded in 2019 in Cape Town, South Africa, and provides a wage advance platform that lets employees access earned wages before payday. Businesses, mainly in retail and hospitality, pay a subscription fee to offer the service, with pricing based on the number of enrolled employees. Co-founders are Caroline van der Merwe, Jacob Kang, Simon Ellis and Tessa Glyn, with Jacob Kang and Simon Ellis serving as CEOs. In April 2022 it raised USD 2.00 mn in seed funding from Creator Ventures, LoftyInc Capital Management and Penrose Capital.
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