FundedIQ
Information Technology

SmartWage: Funding, Investors & Team (Sep 2026)

SmartWage is a smart solution giving employees instant access to their earned salaries and wages. South Africa's most affordable and accessible payday solution.

www.smartwage.co.za LinkedIn Johannesburg, South Africa 11-50 employees
Total raised
$2.0M
Rounds
1
Latest
Seed
Apr 2022

SmartWage has raised $2.0M across 1 funding round on record, the most recent a Seed of $2.0M announced in Apr 2022.

That round is below the $6.0M median round size for Information Technology companies tracked on FundedIQ over the last two years.

SmartWage Company Profile and Key Stats

Total funding raised
$2.0M
across 1 round on record
Funding rounds on record
1
Latest funding round
Seed
$2.0M in Apr 2022
Employees
11-50
reported band
Headquarters
Johannesburg, South Africa

Latest funding round on record: Apr 2022.

SmartWage Funding Rounds

Date
Round
Amount
Seed
$2.0M

SmartWage Founders and Leadership Team

Name
Role
Contact
Caroline van der Merwe
Founder
Locked

Contact details for the SmartWage team: 1 of 1 has an email address on file.

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SmartWage Funding Compared to Other Information Technology Startups

Segment
Companies
Median round
192
$5.0M
16,485
$3.1M

SmartWage's latest round of $2.0M is below the median round in Information Technology. Medians cover the last 24 months of disclosed rounds.

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SmartWage Funding FAQs

What does SmartWage do?

SmartWage is a smart solution giving employees instant access to their earned salaries and wages. South Africa's most affordable and accessible payday solution.

How much funding has SmartWage raised?

SmartWage has raised $2.0M across 1 round on record. The most recent is a Seed of $2.0M announced in Apr 2022.

When did SmartWage last raise funding?

SmartWage's most recent funding round on record is a Seed of $2.0M, announced in Apr 2022.

Who founded SmartWage?

FundedIQ lists Caroline van der Merwe (Founder) at SmartWage.

Where is SmartWage headquartered?

SmartWage is based in Johannesburg, Na - South Africa, South Africa.

How many employees does SmartWage have?

SmartWage is in the 11-50 employee band.

How does SmartWage's funding compare to other Information Technology startups?

SmartWage's latest round of $2.0M is below the $6.0M median round size for Information Technology companies on FundedIQ across 3,144 tracked companies over the last two years.

About FundedIQ's SmartWage Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for SmartWage is left off this page rather than filled in.

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