Company: WAC
Founder: Georgina Fairhall
Website: https://wac.rock
About WAC
Hourly-paid workers are more likely to be underpaid in their job role than salaried employees, with 45% admitting to being underpaid in the past, and 40% feeling they’re being taken advantage of at work. This social issue disproportionally affects lower-income households, those aged 18-24, and single parents, particularly those working in the NHS, hospitality or retail sectors.
With years of experience working in hospitality, our Founder and CEO, Georgina Fairhall, encountered the same problem in every job – she wasn’t paid correctly. Hours would frequently be missed, breaks wouldn’t happen, and she was routinely expected to work beyond her finish time to ‘support’ the team.
Rather than complaining, George decided to become part of the solution by founding her startup, WAC, a work and money management app designed for hourly-paid workers to take control of their finances and ensure they are paid correctly every time.
WAC is an app that allows hourly-paid workers to track their hours and earnings in one place, and get live payslip estimates, including tax, to ensure they are being paid correctly by their employer. They are building a global community and empowering them to take control of their working lives, receive fair pay and have access to opportunities to live the life they deserve.
Since launching in March 2020, a week before the UK National Lockdown, WAC has supported thousands of users to claim back lost wages which would otherwise go unnoticed. The app gives low-paid workers the tools to claim the financial security they deserve with payday estimates, a feature to manage bills between paydays, and a new Legal Hub which guides users through the process of claiming back unpaid wages with email templates to send to their employer.
Over the next three years, WAC has grand ambitions to become the go-to support for every hourly-paid worker nationwide and is targeting annual recurring revenue of over £13 million.
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