Tech Company Financing Transactions
Wagely Funding Round
Wagely, based in Jakarta, secured $8.3 million from East Ventures, 1982 Ventures and Asian Development Bank.
Transaction Overview
Company Name
Announced On
3/15/2022
Transaction Type
Venture Equity
Amount
$8,300,000
Round
Series A
Investors
Proceeds Purpose
The new capital will enable the company to accelerate its market-leading position in Indonesia and Bangladesh and spur the development of its holistic financial wellness platform, which the company plans to start rolling out later this year.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Citylofts Sudirman 2001, Number 121 Jl. K.H. Mas Mansyur, RT
Jakarta, 10220
Indonesia
Jakarta, 10220
Indonesia
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Developer of a financial wellness platform designed to reduce financial stress. The company's platform helps employees to access already earned but unpaid wages to eliminate cash advances and offer real financial benefits to boost employee financial health, enabling employees to have greater flexibility to pay bills on time, avoid late fees and pay for unexpected expenses.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Tobias Fischer
Chief Operating Officer
Kevin Hausburg
Chief Technical Officer
Sasanadi Ruka
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