Fintech

$5.1M for Vietnam's financially underserved workers

February 15, 2023
GIMO

Meet GIMO! This Vietnamese fintech and earned wage access startup just announced the first close of their Series A at $5.1M, led by TNB Aura.

  • They've had 24x YoY revenue growth, and their transaction volume shot up by 11x YoY.

Investor check. Existing investors Integra Partners, Resolution Ventures, Blauwpark Partners, ThinkZone Ventures, and Y Combinator also joined in.  

  • They raised a $1.9M seed extension round in 2021.
  • They are in the process of raising debt capital.

👷🏼‍♂️ For employees

No more waiting for payday! Just use their app and instantly access any earned but unpaid wages — whenever you need them.

  • Already worked for 14 days and need 12 days' worth of wages before payday? Sure.
  • You can also use their app to keep track of your earnings and how many days you've worked already, as well as tips and tricks on managing your finances.

You'll receive the money in your bank account in minutes. No more going to loan sharks, borrowing cash or stressing over finances.

🏬 For companies

There are no costs or risks for companies that offer GIMO's EWA to their employees. It's actually a free employee benefit because employees will be able to focus more on work, and you'll be able to reduce turnover too!

  • You'll get a dashboard to monitor and manage HR data and on-demand pay transactions.

💰 What's with the $$$?

They'll be pushing for revenue growth, focusing on product and releasing a suite of digital financial solutions for underserved workers in the next few months.

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