About Wagely
Wagely is a company based in Jakarta (Indonesia) founded in 2019 by Kevin Hausburg.. Wagely has raised $36.9 million across 4 funding rounds from investors including Asian Development Bank, Capria and Central Capital Ventura. Wagely offers products and services including Earned Wage Access and Financial Education Tools.
- Headquarter Jakarta, Indonesia
- Founders Kevin Hausburg
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Wagely
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$36.9 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Asian Development Bank
& 11 more
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Employee Count
Employee Count
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Products & Services of Wagely
Wagely offers a comprehensive portfolio of products and services, including Earned Wage Access and Financial Education Tools. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Access to earned wages is offered to employees, which is designed to reduce financial stress and support better money management decisions
Educational resources are provided to help employees understand money management, which is intended to encourage smarter financial decisions and overall wellbeing
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Funding Insights of Wagely
Wagely has successfully raised a total of $36.9M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(08 Jun 2021)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series A - Wagely | Valuation | Capria |
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| Mar, 2024 | Amount | Debt – Conventional - Wagely | Valuation |
investors |
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| Mar, 2022 | Amount | Seed - Wagely | Valuation | Central Capital Ventura |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Wagely
Wagely has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Asian Development Bank, Capria and Central Capital Ventura. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm investing in applied generative AI
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Founded Year | Domain | Location | |
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Indonesian early-stage tech firms are funded by Central Capital Ventura.
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Founded Year | Domain | Location | |
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Venture capital firm investing in Southeast Asian startups and publishing reports on technology and sustainability.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wagely
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Wagely
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wagely Comparisons
Competitors of Wagely
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Wagely
When was Wagely founded?
Wagely was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Wagely located?
Wagely is headquartered in Jakarta, Indonesia. It is registered at Jakarta, Jakarta, Indonesia.
Is Wagely a funded company?
Wagely is a funded company, having raised a total of $36.9M across 4 funding rounds to date. The company's 1st funding round was a Seed of $8.3M, raised on Jun 08, 2021.
What does Wagely do?
Wagely was founded in 2019 in Jakarta, Indonesia, as a fintech company focused on wage access solutions. An online platform is offered that allows employees to obtain portions of their salary based on days worked, supporting uses such as bill and credit card payments. Integration options with existing accounting software are also provided to facilitate operations for employers.
What products or services does Wagely offer?
Wagely offers Earned Wage Access and Financial Education Tools.
Who are Wagely's investors?
Wagely has 12 investors. Key investors include Asian Development Bank, Capria, Central Capital Ventura, East Ventures, and Integra Partners.