SmartWage

Businessfiled

SmartWage operates in Fintech, based in Johannesburg, Africa. SA startup SmartWage raises $347k to expand payday solution 0 By Tom Jackson on June 26, 2020 News , Southern Africa South African fintech startup SmartWage, which partners with companies to give employees instant access to their earned salaries and wages, has raised ZAR6 million (US$347,000) in funding to power the growth and expansion of its payday solution across the country. Co-founded by Simon Ellis, Alex Platt and Nick Platt in 2019, SmartWage launched operations in February.

Sub-sector tags: fintech.

No verified homepage on file yet — operating evidence is limited to the public record.

Capital & rounds (filed)filed

SmartWage has raised $347K in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).

Largest single filing: $347K on 2020-06-26.

Most recent recorded round closed around 2020-06-26.

Valuation (modeled)modeled

Provath models SmartWage at approximately $15M (range $222K–$172M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.

Read: Fair. Modeled value is 0.69× the median modeled value of Pre-Seed Fintech companies in 2019–2021 (29 peers) — value vs value, same stage and era. Within the normal band (69% of peer median) for its niche.

Financing rhythm & timingmixed

Last raise 6.0 yr ago; this sector typically re-raises about every 12 months.

Only one round on record and long silent — often defunct, acquired, or gone quiet.

Comparablesmixed

Capital scale ranks ahead of 68% of Fintech peers (1063 compared).

Modeled value ranks above 76% of those peers.

Closest niche peers: Telda, Prospa, Kuda, Wapi Pay, Okra.

Risks & flagsmixed

Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.

No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.