Home Fintech Vietnam’s Earned Wage Entry Agency GIMO Raises US$17.1M to Gas Growth

Vietnam’s Earned Wage Entry Agency GIMO Raises US$17.1M to Gas Growth

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Vietnam’s Earned Wage Entry Agency GIMO Raises US$17.1M to Gas Growth

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Vietnam-based earned wage entry startup GIMO introduced that it has closed its US$17.1 million Collection A funding spherical 5 months after the corporate secured US$5.1 million within the first shut. The ultimate closing comprised each fairness and debt financing.

The spherical was led by TNB Aura, with participation from the corporate’s present backers together with Integra Companions, Decision Ventures, Blauwpark Companions, ThinkZone Ventures, and Y Combinator.

New traders becoming a member of this spherical are international company ventures comparable to Genting Ventures, TKG Taekwang, George Kent and Asia-focused personal credit score financier, AlteriQ International.

The agency mentioned that the contemporary funds will likely be utilised to fast-track the corporate’s growth plans and drive innovation throughout its product portfolio.

GIMO at present serves 500,000 staff from medium to large-sized multi-national manufacturing corporations throughout Vietnam.

The corporate reported a progress charge of 15% and mentioned that it’s on monitor to succeed in 2.5 million underbanked workers by 2025.

Quan Nguyen

Quan Nguyen

“We’re thrilled to announce the profitable closing of our Collection A funding spherical, which demonstrates the unwavering confidence and assist we’ve obtained from traders.

 

This important funding will allow us to drive our imaginative and prescient ahead, gasoline innovation and proceed to serve the underserved communities wherein we reside and function.”

mentioned Quan Nguyen, Co-founder and CEO of GIMO.

 

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