News

March 24, 2021

Exclusive: UK fintech swoops in to buy key Greensill subsidiary, Earnd

Wagestream is buying one of Greensill's entities, Earnd Australia, as a route to expanding down under.


Isabel Woodford

3 min read

WageStream chief executive Peter Birffett

The collapse of Greensill, the hyped trade finance company backed by Japanese investor Softbank, has been a disaster for companies worldwide. But there's a silver lining for Wagestream, a rising UK fintech, which has bagged one of Greensill's key subsidiaries from its administrators.

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Wagestream says it now services around half a million employees worldwide, working with large institutions like BUPA.
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The Earnd team in Sydney, now Wagestream Australia\
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