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INDUSTRY FIRST

Wagely raised $23 million in a funding round led by Capria Ventures in a mix of equity and debt.

Mar 04, 2024•over 1 year ago

Amount Raised

$23 Million

Indonesia

Investors

East Ventures (Growth Fund)Capria Ventures

Description

Wagely, an Indonesian fintech startup, has raised $23 million in a funding round, with a mix of equity and debt. The equity portion of the round is led by Capria Ventures, which has invested in companies like ShareChat, Masai School, and Cuemath in India.

Company Information

Company

Wagely

Location

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.

Company News

(4 articles)
Sun, 03 Mar 2024 08:00:00 GMT

Indonesia fintech Wagely makes bank while helping the unbanked - TechCrunch

Mon, 04 Mar 2024 08:00:00 GMT

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

Tue, 15 Mar 2022 07:00:00 GMT

Indonesian earned wage access platform Wagely raises $8.3M as it expands into Bangladesh - TechCrunch

Tue, 12 Mar 2024 07:00:00 GMT

wagely has secured US$23M in new funding - The largest for any earned-wage access (EWA) player in Southeast Asia - ANTARA News

FundzWatch™ Score

80
Medium Activity

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech