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GajiGesa secures $6.6m in series A funding
Employee management platform GajiGesa, which offers earned wage access (EWA) and other financial services, has received $6.6 million in funding from venture capital firms and strategic investors.
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GajiGesa founders Vidit Agarwal (left) and Martyna Malinowska (center) pose for a photo with the company’s Indonesia general manager, Ade Yuandah Saragih. (GajiGesa/GajiGesa)
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mployee management and wellness platform GajiGesa, which offers earned wage access (EWA) and other financial services, has received US$6.6 million in a series A funding round led by MassMutual Ventures, with participation from new investors, including January Capital and Wagestream.
GajiGesa cofounder Martyna Malinowska said the fresh funds would be used to develop products and expand to markets across Southeast Asia.
“We welcome new investors as we look to double down on growth to expand financial stability for millions of workers in Indonesia and across the region,” Malinowska said in a statement issued on Tuesday.
EWA, one of the services offered by GajiGesa, aims to provide a platform to enable employees to withdraw their earned salary on demand and ahead of the traditional month-end payday, which is expected to lower reliance on predatory lenders.
A relatively new concept in Indonesia, more employers are considering EWA as a benefit for employees, many of whom want greater flexibility in how they are paid, GajiGesa said in a statement.
“We look forward to working with GajiGesa as they continue to expand their client base and product set across the Southeast Asia region,” said Peter Briffett, Wagestream CEO and cofounder.
Read also: Wagely bills itself as on-demand alternative to predatory lending
