Tech Company Financing Transactions
Wagely Funding Round
On 3/4/2024, Wagely raised $23 million in financing from Capria Ventures and private investors.
Transaction Overview
Company Name
Announced On
3/4/2024
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$23,000,000
Round
Undisclosed
Investors
Capria Ventures (Lead Investor) (Dave Richards)
Proceeds Purpose
The startup plans to utilize the funding to go deeper into Indonesia and Bangladesh, expand into financial services, including savings and insurance, and explore generative AI-based use cases, including automated document processing and local language conversational interfaces for workers.
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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