← Embedded Finance Index 2026

Wag3s

“Can a single Web3 Finance OS replace fragmented crypto-accounting, tax, treasury, and HR tools for DAOs and blockchain-native companies?”

Founded2023
HQSwitzerland
IndustryVertical SaaS / Web3 Finance
The story

Founded in 2023 in Switzerland, Wag3s positioned itself as a modular 'Web3 Finance OS' targeting DAOs, blockchain businesses, and distributed crypto-native teams — a segment underserved by traditional accounting and HR software. The platform bundles on-chain accounting (Ledger), crypto tax reporting (Folio), and decentralized HR/payroll (HR) into a single tool, competing with standalone crypto-accounting tools like Cryptio, Bitwave, and Koinly. Its embedded-finance angle is the integration of fiat payroll rails (including Wise for cross-border fiat FX) alongside native on-chain contributor payments, effectively bridging Web3 treasury management with conventional ERP/accounting workflows via integrations with QuickBooks, Xero, and others.

Last 12 months
2026-06
Product timeline
2023
Wag3s founded in Switzerland as a Web3 Finance OS for DAOs and blockchain-native businesses.· pivot
2024
Launched Wag3s Ledger (blockchain accounting and treasury), Wag3s HR (decentralized payroll), and Wag3s Folio (crypto portfolio tracking and tax reporting) as a modular platform.· banking
2026
Reached 60+ Web3 company customers and 4,800+ users; launched Folio v0.9 with CEX + on-chain consolidation; platform available free during Alpha phase.· pivot
The stack
3 layers disclosed in Wag3s’s embedded-finance stack
KYC
Persona
FX & payouts
in the full report
Accounting
in the full report
Accounting gap: minor
5 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.