Wage, a San Francisco, CA-based infrastructure software solution that lets people share their payroll data with third parties, closed a $5M funding round.
The round was led by Google’s AI-focused venture fund, Gradient Ventures, with follow-on investment from 8VC, Pear Ventures, Bloomberg Beta, CoFound Partners, and executives from SoFi, Public, Zillow, and Affirm.
The company intends to use the funds to scale customer acquisition and support additional payroll data partnerships.
Founded in 2018 by Ben Prawdzik and Shaan Patel, Wage is an infrastructure API company that lets people securely share their payroll data with third parties they authorize – such as lenders, landlords, hiring managers, or other fintech services. The company works through partnerships with payroll providers, human capital managers, and professional employer organizations.
Wage works with payroll companies covering over 30 million employees who work at firms such as Amazon, Delta, Best Buy, Starbucks, Dell, Hyatt, and tens of thousands of others.