Tech scale-up first in UK to pay workers within 24 hours
A Liverpool headquartered tech-driven recruitment company claims to be the first business in the UK to pay its workers within 24 hours.
RedWigWam matches employers online with the temporary workers seeking short-term, flexible work.
Entrepreneur Lorna Davidson, founder and CEO of RedWigWam said: “We are looking for people who want to do great work and, in return, we will reward them straight away for doing a great job.
“We ask people to tell us when they register whether they would prefer to be paid daily, weekly or monthly. Over 80% have chosen to be paid within 24 hours.
“The feedback we have had has been fantastic. It means they will have the money in their bank to buy a pair of shoes for a child or go out with friends on a Saturday night.
“It also helps combat the issue of people considering taking out payday loans and other forms of lending – to tide them over between monthly pay days - which can be hugely expensive in terms of interest.
Nearly 100,000 people aged between 16 and 90 have registered with the firm and over 2,000 employers are now using the online platform to find workers for part-time or ad-hoc roles.
Among the companies which have used RedWigWam are Tesco, Co-op, Morrisons, Deliveroo, Carlsberg, Papa Johns and The Collective.
The business is on course to achieve a turnover of around £2.5 million this year and is targeting revenues of £80 million within five years.
RedWigWam uses algorithms to connect within minutes workers with employers’ short-term or ad-hoc opportunities.
The company, established in 2016, now employs 16 people in its Liverpool head office. More than 1.4 million hours of work have been carried out by WigWammers since the company launched.