The Work Index by Flexa

wagely

wagely is a leading financial wellness platform in Asia that provides employees with on-demand access to their earned wages.

https://www.wagely.app/
5.0

/10

Transparency ranking

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Description

Wagely is a financial wellness platform that operates in Indonesia and Bangladesh. Their mission is to provide a sustainable solution to break the cycle of debt for employees by enabling them to access their already-earned wages before payday. This helps to reduce financial stress, improve employee productivity and motivation, and ultimately improve the overall wellbeing of the workforce. Wagely operates as an employee benefit, meaning employers offer it to their employees as an option.

Wagely is expanding its reach through partnerships with various companies and organizations. They are also integrating with platforms like SAP® SuccessFactors® Employee Central to deliver their financial wellness solutions to a wider audience. Wagely is committed to promoting financial literacy and education, working towards a future where everyone has access to the financial tools and support they need to achieve financial stability.

Flexibility

Wagely offers flexible working arrangements as a benefit to its employees. This includes the ability to access already earned but unpaid wages through an app, enabling them to manage unexpected expenses without having to rely on loans or advances.

Benefits

Wagely offers a financial wellness platform that allows employees to access their earned but unpaid wages, providing immediate financial relief when needed. This benefit helps employees avoid relying on costly payday loans and mitigates financial stress, leading to increased productivity, motivation, and retention. It also helps employers save on administrative expenses and free up capital by eliminating the need for cash advances.

Mission

wagely's mission is to provide a sustainable solution for all employees in Asia to break the cycle of debt caused by high-interest loans and payday lenders. They aim to build financial wellness for lower- and middle-income workers in Asia by providing access to their earned wages before payday. wagely believes that financial wellness should be accessible to everyone and promotes healthy savings habits to reduce financial stress and improve overall employee wellbeing. They also partner with impact investors and charities to create social equality and economic opportunities for underserved communities.

Disruptor
Improving quality of life/health
Social impact led
Soonicorn
Tech for good

Culture

Wagely promotes a culture focused on financial wellness and social impact. They aim to provide a supportive environment where employees feel empowered and valued, with a strong emphasis on transparency and ethical practices. This is reflected in their commitment to empowering employees through financial education and tools, partnering with charities and impact investors, and challenging predatory lending practices. They strive to create a workplace where employees feel secure and comfortable, leading to higher employee retention and improved productivity.

People-first
Progressive
Supportive

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