Report: Indonesia’s GajiGesa Adds New Investors

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GajiGesa, an Indonesian FinTech serving the country’s vast population of underbanked workers, has added new investors that will provide funds for adding services and customers, TechCrunch reported, attributing the information to the company.

The outlet didn’t provide an amount for the new funding, which reportedly came from OCBC NISP Ventura and the founders of the coffee chain Kopi Kenangan. OCBC is tied to a major bank in Indonesia. The founders of Kopi Kenangan reportedly have become prolific angel investors.

GajiGesa Indonesia, which describes itself on its LinkedIn page as “the financial wellness platform helping millions of Indonesians achieve financial dignity and security from their work,” announced the new funding on the same social media platform.

“We’re excited to accelerate our mission to expand financial resilience beyond big enterprise to digitally empower millions of micro-entrepreneurs and small business owners,” the company’s post stated. “Indonesia’s (medium and small enterprises) remain chronically underserved and need digital solutions to manage their workforce.”

GajiGesa was founded in 2020 by Agawarl and his wife, Martyna Malinowska. The company announced earlier this year that it had landed $2.5 million in seed-round funding from investors, including Defy.vc, Quest Ventures, GK-Plug and Play Indonesia, Next Billion Ventures, Alto Partners and Kanmo Group.

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