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Indonesian fintech start-up Wagely lands $23m in mix of equity and debt financing
BankingBusinessFinTech
Less than 1 min.Read

Indonesian fintech start-up Wagely lands $23m in mix of equity and debt financing

Laura M
By Laura M
  • Wagely, a financial wellness app based in Indonesia, has secured $23 million in a funding round comprising both equity and debt financing.
  • The company provides businesses with an earned-wage access (EWA) solution that allows employees to access their pay daily.
  • In 2023, Wagely distributed over $25 million in salaries to nearly 500,000 workers in Indonesia and Bangladesh.
  • The equity portion of the funding was led by Capria Ventures, with participation from existing investors.
  • The funds will be used to expand Wagely’s core offerings and enhance employee financial wellness in its primary markets.

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