Company Information

Get to know Wagefit

Wagefit, Inc. provides an Earned Wage Access (EWA), or on-demand pay, solution for businesses. Their mission is to improve employees' financial well-being by giving them control and flexibility over their income. The service integrates with a company's existing payroll and HR systems, allowing employees to track and access a portion of their accrued earnings whenever they need it, via a mobile app. This is offered as an employee benefit designed to reduce financial stress, decrease reliance on high-interest loans, and improve employee retention and productivity for the employer.

Industry

Financial PaymentPRIMARY
Financial Other Service

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Wagefit

Nigeria

Founded in

2022 (4 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

--/10

Reviews

--/90

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Regulated

Recommended

(78 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.