Tech in Asia
Financial wellness platform GajiGesa has raised US$2.5 million in a seed round co-led by Silicon Valley’s Defy and early-stage VC firm Quest Ventures.
GK Plug and Play, Next Billion Ventures, Alto Partners Multi-Family Office, Kanmo Group, and a number of strategic angel investors also took part in the round, according to a statement.
Founded just last year, the Indonesia-headquartered startup created a fintech platform that provides member employees with financial management tools such as earned wage access and financial education. It also empowers employer partners with an enterprise-grade HR analytics platform to improve employee output.
The company was established by seasoned fintech veterans Martyna Malinowska, who previously worked as product lead at Standard Chartered Bank, and Vidit Agarwal, who was formerly Stripe’s head of business development for Asia Pacific with stints at Uber and Carro.
“GajiGesa’s financial wellness platform is helping middle to low income workers who live paycheck to paycheck deal with stressful cash flow issues,” said Quest Ventures partner Yiping Goh. “It provides much-needed financial stability for employers and their employees during a time of unprecedented and continued economic uncertainty.”