wagely, a Jakarta, Indonesia- and Dhaka, Bangladesh-based provider of a financial wellness platform, raised US$ 23M in funding
The round was led by Capria Ventures, with the addition of some debt sources.
The company intends to use the funds to expand operation and development efforts.
wagely provides a financial wellness platform offering workers visibility into their daily earnings, and instant access to earned wages.
wagely’s financial wellness platform allows workers to better manage their money by letting them access their pay after each workday. Used in Indonesia and Bangladesh, wagely also allows users to track their salary and access financial literacy resources. It is offered free to employers who then provide it as an optional benefit to employees.
In 2023 alone, wagely says it has disbursed over US$25M in salaries, processing close to one million transactions and being accessible by 500,000 workers.
FinSMEs
13/02/2024