Vietnam’s Earned Wage Access Firm GIMO Closes US$5.1 Million Series Aby Fintech News Vietnam February 15, 2023
Vietnam-based earned wage access startup GIMO raised US$5.1 million in the first close of its Series A funding round led by TNB Aura.
The round was joined by returning investors Integra Partners, Resolution Ventures, Blauwpark Partners, ThinkZone Ventures, and Y Combinator.
In 2021, the startup secured a US$1.9 million in a seed extension round and is currently in the process of raising debt capital.
GIMO provides on demand-payroll services for blue collar workers and reported a 24x year-on-year revenue growth and an 11x year-on-year transaction volume increase.
“The fresh capital will bolster our product innovation that appeals to the underserved workers and drive revenue growth.
Our team has been incubating a suite of digital financial solutions and expect to launch in the months to come”,
said Quan Nguyen Co-founder and CEO at GIMO.