GajiGesa, an employee management and wellness platform offering Earned Wage Access (EWA) and other financial services in Indonesia, has raised an oversubscribed US$6.6 million pre-Series A funding round. MassMutual Ventures, the corporate VC arm of Massachusetts Mutual Life Insurance Company, led the latest round. Wagestream, January Capital, Bunda Group, and Smile Group, and existing investors defy.vc, Quest Ventures, GK Plug and Play, and Next Billion Ventures, co-invested. The new round comes less than a year after the startup attracted US$2.5 million in a seed funding round, co-led by Silicon Valley-based Defy.vc and Quest Ventures.
“The pandemic has accentuated the importance of having an empowered workforce and holistic workplace benefits,” said Co-Founder Malinowska. “In these turbulent times, our platform has become an invaluable tool enabling employers to actively help their employees reduce financial stress and take control of their financial futures.”
GajiGesa’s fintech platform offers companies and their employees the tools to streamline their cash flow by providing financial services, including EWA, financial literacy content and bill payments. GajiGesa serves 120 clients spanning sectors such as factories, plantations, manufacturing, retail, restaurants, hospitals, and tech companies.
Announcement: GajiGesa Raises $6.6M for Earned Wage Access