𝐖𝐚𝐠𝐞𝐥𝐲𝐚𝐩𝐩, a trailblazing financial wellness platform, has successfully secured a staggering $23 million in funding, marking a milestone with over one million salary disbursements. With its headquarters in Indonesia, Wagely is revolutionizing the way workers manage their finances by offering them access to their pay after each workday. This service is provided free to employers, who can then extend it as an optional benefit to their employees.
But Wagely’s offerings don’t stop there. The platform also empowers users to track their salary and tap into valuable financial literacy resources. This dual approach not only helps workers mitigate financial stress but also propels them towards financial freedom.
In 2023 alone, Wagely disbursed over US$25M in salaries, reaching a remarkable half a million workers. With a strong presence in both Indonesia and Bangladesh, Wagely is leading the charge in financial wellness services.
The latest funding round, spearheaded by 𝐂𝐚𝐩𝐫𝐢𝐚 𝐕𝐞𝐧𝐭𝐮𝐫𝐞𝐬, is set to expand Wagely’s footprint in Indonesia and Bangladesh. These are regions where a significant 75% of workers grapple with financial challenges due to limited access to conventional financial services. This investment is a testament to Wagely’s potential to enhance financial wellness in these key markets.
