Peter Briffett is a British businessman and entrepreneur. He is the managing director of a company called Wagestream. He and his partners have a vision to wipe out the payday loan industry through an innovative new startup called Wagestream. Employees can instantly stream a portion of their earned pay through an app that gives them instant access, avoiding the need for expensive payday loans. If you’re unfamiliar with Mr. Briffett and his contributions to improving the world of finance, here are ten fascinating facts about him that you probably didn’t know.
1. Peter Briffett is one of the founders of Wagestream
Crunchbase confirms that Peter Briffett is not only the CEO of Wagestream, but he is also one of the company’s founders. 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 venture.
2. Peter Briffett is an investor
Mr. Briffett is also an investor. He builds a portfolio for the future by investing in the seed cycle of new start-ups that he believes will be profitable ventures. On August 6, 2021, he invested in Comma’s funding round. On April 21, 2022, he invested in the pre-seed fundraiser for Pillar Financial Technologies. So far, Peter has made two personal investments.
3. Briffett is a public speaker
Peter Briffett shares his knowledge, expertise and ideas about the fintech industry with other entrepreneurs and professionals in the field. He participated in three speeches. He spoke at 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 keynote 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 the company’s director for three years, leaving in 2007 to pursue other professional development opportunities. He was hired at Thomson Reuters in 2007 as Chief Strategy Officer, where he remained for 2 years, resigning in 2009.
5. Peter Briffett rose through the corporate ranks
Briffett has carved out a place for himself in the business world. After leaving Thomson Reuters, he took a job as managing director of a company called Living Social United Kingdom and Ireland. He was the company’s only employee with zero income. He built the company’s growth, converting it into a $100 million consumer technology company that hired 300 workers across the UK and the Inland Empire. He was the P&L owner responsible for operations, business strategy, sales, partnerships, mobile, web, finance and human resources. He grew the company in four years. He spent four years building the business before leaving in 2014.
6. Peter Briffett has extensive experience in executive leadership
Mr. Briffett brings years of experience to his position at Wagestream after years of experience in senior management positions. He was executive director of Threads Styling Ltd. from October 2017 to June 2018 in London. He also served as Chief Operating Officer of Anatwine from October 2016 to October 2017. The international company had offices in London, New York and Berlin. It was acquired by Zalando.
7. Success and recognition follow Peter Briffett
Mr. Briffett was Chief Operating Officer of a company called YPlan, headquartered in Farringdon, London, England. He worked in this position from March 2014 to October 2016, until the company was sold to TimeOut Group. While there, YPlan won several awards, including Excellence in Product & Tech City News: International Hall of Fame, 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 many more. We see a consistent pattern of success and accomplishment wherever Peter Briffett has something 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 underwriting predatory, high-interest loans. Workers have the ability to withdraw funds from their upcoming paychecks that they have already earned, but not yet received. It is an advance on earned funds. The best part is that every transaction they make costs them a low fee of 1.75 pounds. When more people hear about the service, it will likely cost the payday loan industry a lot of traffic while saving consumers millions in predatory loan fees.
9. Peter Briffett innovates for hospitality workers
Briffett’s company recently agreed with hospitality and leisure businesses to add a financial benefit for the well-being of their employees. The Get Paid As You Go is available to hospitality workers across the UK. This allows them to access earned funds with power over when they get paid. It is a financial welfare benefit that allows them to take the money earned according to their needs.
10. Peter Briffett is capable but humble
Briffett shared in FF News that he has helped companies grow from zero assets to multi-million dollar global brands. He’s good at building empires with few assets, but he’s humble and shares some of his failures. He admitted that some of his attempts to create global export companies ended in total disaster. He is not afraid to talk about his successes and failures. He admits to having sold books door to door in the United States. He learned the most from his experiences during this time. He is a hard worker who does what it takes to achieve his goals. Peter Briffett sets a shining example for entrepreneurs to follow.