Fintech

$4.3M to help Indonesian workers get paid anytime

July 8, 2022
Kini

Meet Kini! This Indonesian earned wage access and HR startup just raised a $4.3M seed. They're here to stop workers from living paycheck-to-paycheck by helping them access their salaries anytime!

  • Since their launch last year, they have had an average of 70% monthly growth in transaction volumes.
  • They have over 50 partner companies, including Ismaya Group, Asaba, DOKU and several publicly listed companies.

Investor check. East Ventures led the round. Ten13, OurCrowd, K50. Ventures and Goodwater Capital also joined in

💸 Money matters

Short on cash for an emergency? Use Kini to withdraw part of your salary in seconds — even before payday.

  • If you've worked for five days this month, you can withdraw five days' wages.
  • Stop borrowing cash from family and friends or becoming a victim of loan sharks.
  • Only pay a $2 (30,000 IDR) fee for every $80 (1.2M IDR) withdrawn through Kini.

When EWA meets HR! The greater goal is to let employees take control of their finances. So, apart from EWA, they also offer bill payment, incentives and allowances, discount vouchers, microinsurance and more.

👀 What's next?

They're building up their suite of HR and fintech products— and want to offer it all in one API. Oh, and they're looking to expand their enterprise partnerships and HR tech providers.

Know Southeast Asian tech in minutes.

The newsletter that keeps you up-to-date on the top stories on tech and business in Southeast Asia. It's fun, quick and free.
You're now subscribed to BackScoop. See you in your inbox!
Oops! Something went wrong while submitting the form.

Know Southeast Asian tech in minutes.

The newsletter that keeps you up-to-date on the top stories on tech and business in Southeast Asia. It's fun, quick and free.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.