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Wrkr (ASX:WRK) is a payroll and superannuation technology company expected to benefit from Payday Super reforms. In July 2026, Salter Brothers reported Wrkr completed a capital raising, generated positive operating cash flow in the June quarter and held more than $10 million in cash before the raise, while continuing to onboard new clients. Ellerston Capital noted a mixed March quarter update in which cash receipts beat expectations, driven by recurring Wrkr Pay transaction revenue and the Paidright acquisition, though free cash flow disappointed. Wrkr operates in the Information Technology sector within the IT Services industry, and Thesis Tracker has captured 13 comments from 4 fund managers, including Salter Brothers and Ellerston Capital. Founded in 2007 and headquartered in Surry Hills, Sydney, Wrkr provides digital onboarding, payroll and superannuation clearing solutions such as ClickSuper and Wrkr Pay for employers, banks and superannuation funds.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Saville Capital, Salter Brothers, Hurdle Rate and Ellerston Capital have invested in WRKR Ltd (ASX:WRK).
Salter Brothers highlights the Payday Super legislation taking effect from 1 July 2026, requiring employers to pay superannuation with each pay cycle, which should boost transaction volumes, alongside positive operating cash flow and new client onboarding. Ellerston notes growing recurring revenue from Wrkr Pay and the Paidright acquisition.
Ellerston noted the shares fell more than 20% after a mixed quarterly update with disappointing free cash flow, and Wrkr's need to raise capital highlights ongoing funding requirements as it scales.
Wrkr Ltd., founded in 2007 and headquartered in Surry Hills, Australia, is a fintech company specializing in overlay solutions for banking, wealth management, and pensions. Its core service offerings include ClickSuper for clearing house services, Payment Adviser for payment and remittance communication, and PayVu, which integrates these functionalities. The firm also operates ClickVu for data repurposing and manages a portfolio of patented technologies under Jagwood in Asia and Western markets. Wrkr Ltd. focuses on building innovative financial technology infrastructure to support large and small-to-medium enterprises.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.