Peter Briffett is a British businessman and entrepreneur. He is the chief executive officer of a company called Wagestream. He and his partners have a vision for eliminating the payday loan industry through an innovative new startup called Wagestream. Employees may instantly stream a portion of their earned wages through an app that gives them instant access, bypassing the need for costly payday loans. If you’re not familiar with Mr. Briffett and his contributions to the betterment of the finance world, here are ten fascinating facts about him you probably didn’t know.
1. Peter Briffett is a founder of Wagestream
Crunchbase confirms that Peter Briffett is not only the CEO of Wagestream, but he is also a founder of the company. He and his partner Portman Wills combined their skills and vision to create the innovative fintech company that helps people avoid payday loans. Wagestream is his first entrepreneurial endeavor.
2. Peter Briffett is an investor
Mr. Briffett is also an investor. He is building a portfolio for the future by investing in the seed round of new startup companies that he believes will be profitable ventures. On August 6, 2021, he invested in Comma’s seed round. On April 21, 2022, he invested in the pre-seed round of fundraising for Pillar Financial Technologies. So far, Peter has made two personal investments.
3. Briffett is a pubic speaker
Peter Briffett shares his knowledge, expertise, and insights about the fintech industry with other entrepreneurs and professionals in the field. He participated in three speaking engagements. He spoke at the Technology Expo 215 in London, England on October 5, 2015. He was a speaker at the LendIt Fintech Europe 2019 event in London, on September 26, 2019. His most recent speaking engagement was at the Dublin Tech Summit 2020 in Dublin, Ireland on April 22, 2020.
4. He started his professional career at Microsoft
His LinkedIn profile confirms that after college, Peter was hired at Microsoft in 2004. He worked as a Director at the company for three years leaving in 2007 to pursue other professional development opportunities. He was hired at Thomson Reuters in 2007 as a Strategic Director, where he stayed for 2 years, leaving in 2009.
5. Peter Briffett worked his way up the corporate ladder
Briffett carved a niche for himself in the business world. After leaving Thomson Reuters, he accepted a position as chief executive officer of a company called Living Social United Kingdom and Ireland. He was the sole employee of the company with zero revenue. He built the company’s growth, converting it into a #100 million consumer technology business that shired 300 workers throughout the United Kingdom and Inland Empire. He was the P&L owner responsible for its operations, commercial strategy, sales, partnerships, mobile, web, finance, and people. He grew the company within four years. He spent four years building the company before leaving in 2014.
6. Peter Briffett has extensive executive leadership experience
Mr. Briffett brings his years of experience to his post at Wagestream after years of experience in executive leadership positions. He served as executive director for threads Styling Ltd. from October 2017 through June 2018 in London. He also served as Chief Operating Officer for Anatwine from October 2016 through October 2017. The international company had offices in London, New York City, and Berlin. It was acquired by Zalando.
7. Success and recognition follow Peter Briffett
Mr. Briffett served as the chief operating officer of a company called YPlan, headquartered in Farringdon, London, England. He worked at the job from March 2014 through October 2016, until the company was sold to TimeOut Group. While there, YPlan won multiple awards including the Excellence in Product & Tech City News: International Hall of Fame award, the Wired: Europe’s 100 Hottest Startups 2014, Hottest Global Startup of 2013, Mobile Business of the Year, Sunday Times Tech Track 100: Ones to Watch, and several others. We see a consistent pattern of success and accomplishment wherever Peter Briffett has anything to say about strategic planning.
8. Peter Briffett is an industry disruptor
Tech Tycoons reports that Peter Briffett and his partner have a plan to disrupt the payday loan industry with their alternative to taking out the predatory and high-interest loans. Workers have the option of withdrawing funds from their upcoming paychecks that they have already earned, but not yet received. It’s an advance on earned funds. The best part is that each transaction they conduct costs them a low fee of 1.75 pounds. When more people hear about the service, it’s likely to cost the payday loan industry a lot of traffic while saving consumers millions in predatory loan fees.
9. Peter Briffett is breaking new ground for hospitality workers
Briffett’s company recently agreed with hospitality and leisure companies to add a financial wellness benefit for their employees. The Get Paid As You Go is available to workers in hospitality throughout the United Kingdom. It allows them to access earned funds with power over when they get paid. It’s a financial wellness benefit that lets them take money earned as it’s needed.
10. Peter Briffett is capable yet humble
Briffett shared in FF News that he’s helped companies grow from zero assets to multi-million dollar global brands. He’s skilled in building empires with few assets, but he is humble and shares some of his failures. He acknowledged that some of his attempts to build global export companies have resulted in total disaster. He’s not afraid to talk about his successes and failures. He acknowledges that he sold books door to door in the United States. He learned the most from his experiences in those days. He’s a hard worker who does what is required to reach his goals. Peter Briffett sets a brilliant example for entrepreneurs to follow.