Overview

• Recent coverage reports loans offered through the app of up to £25,000 with a 29.9% APR.
• A cited user example describes accessing up to half of earned pay through salary advances for a £1.75 per‑withdrawal fee.
• StepChange, debt advisers and the GMB union warn the model can lead to repeat borrowing and pressure on essentials for low‑paid staff.
• Wagestream says each loan undergoes rigorous affordability and underwriting using payroll, open banking and credit‑bureau data.
• Employers including Asda, PizzaExpress, Next, Superdrug, Burger King and several NHS trusts say participation is voluntary, with PizzaExpress stating it receives no incentives.