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Indonesian Earned Wage Access Platform Wagely Raises $8.3M As It Expands Into Bangladesh

PRIVATEMar 16, 2022•about 4 years ago

Amount Raised

$8.3 Million

Jakarta

Description

Wagely, an earned wage access (EWA) platform based in Jakarta and Dhaka, has raised $8.3 million in pre-Series A funding, just seven months after announcing its seed round. The new funds will be used to fuel wagely’s expansion in Bangladesh, where it recently launched, and build other features to become a “holistic financial wellness platform,” including savings, insurance, long-term installment loans and financial education.

Company Information

Company

Wagely

Location

Jakarta, DKI Jakarta, Indonesia

About

The startup has already signed up leading ready-made garment manufacturers like SQ Group, Classic Composite, and Vision Garments. Wagely says its user base grew 10x year over year in 2021, with clients including British American Tobacco, Ranch Market, Adaro Energy and Medco Energi. Wagely also received backing from Central Capital Ventura, the venture capital arm of Bank Central Asia (BCA), one of Indonesia’s largest private banks.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.

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