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wagely nets additional $8.3m in oversubscribed pre-series A funding

Retrieved on: 
Wednesday, March 16, 2022

The funding comes in just seven months after securing its seed funding.

Key Points: 
  • The funding comes in just seven months after securing its seed funding.
  • wagely also disclosed that it secured the backing of Central Capital Ventura,the VC arm of Indonesia's largest private bank, Bank Central Asia ("BCA").
  • The investment into wagely underpins the commitment to expand the digital financial ecosystem and drive financial wellness solutions across Indonesia.
  • With stagnant incomes, rising costs of living, and lack of savings, workers are under daily pressure staying afloat financially.

wagely nets additional $8.3m in oversubscribed pre-series A funding

Retrieved on: 
Wednesday, March 16, 2022

The funding comes in just seven months after securing its seed funding.

Key Points: 
  • The funding comes in just seven months after securing its seed funding.
  • wagely also disclosed that it secured the backing of Central Capital Ventura,the VC arm of Indonesia's largest private bank, Bank Central Asia ("BCA").
  • The investment into wagely underpins the commitment to expand the digital financial ecosystem and drive financial wellness solutions across Indonesia.
  • With stagnant incomes, rising costs of living, and lack of savings, workers are under daily pressure staying afloat financially.

wagely expands into Bangladesh, launches with over 50,000 workers to become the first and largest financial wellness platform offering Earned Wage Access (EWA) in Asia

Retrieved on: 
Wednesday, October 13, 2021

Founded in Indonesia in 2020, wagely's financial wellness platform is centered around Earned Wage Access (EWA), the direct and affordable access to salary that has already been worked for.

Key Points: 
  • Founded in Indonesia in 2020, wagely's financial wellness platform is centered around Earned Wage Access (EWA), the direct and affordable access to salary that has already been worked for.
  • Employers benefit from increased productivity, reduced turnover costs, and increased business savings by offering wagely's financial wellness platform to workers.
  • With the expansion into Asia's fifth largest country, wagely is accelerating its mission to reduce financial stress for millions of workers in Asia.
  • "Offering workers real-time access to their salary and financial education is only the first step towards building financial wellness.