GajiGesa

GajiGesa

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Overview

GajiGesa is the preferred financial wellness partner for employers in Indonesia. GajiGesa's powerful fintech platform is built to help millions of hardworking Indonesians take control of their financial lives with dignity. The GajiGesa app provides member employees with earned wage access, financial education, and other financial management tools to improve their long-term financial health responsibly. It also empowers employer partners with an enterprise-grade HR analytics platform to improve employee productivity, engagement, and retention by reducing financial stress for their teams.

The company has seen 12x growth since January with more large enterprises keen to embrace this financial wellness solution. And we have doubled our overall enterprise customer base in the last quarter and now partner with 60+ companies, serving tens of thousands of employees.

Based on GajiGesa’s most recent survey, for employers that partner with GajiGesa, over 75% of their employees have stopped using informal lenders for short term needs because our EWA solution gives them the financial security they need under the purview of the employer. GajiGesa is also increasingly popular for employees that have micro-businesses at home. They often use GajiGesa and use their salary as working capital rather than turning to informal lenders. Health related expenses is another common reason for GajiGesa usage.

In early May, the company launched GajiTim, Southeast Asia’s first employee management app for MSMEs and SMEs to manage their workforce efficiently bringing transparency in income tracking and salary calculation. The app is aimed at businesses with between 5 to 100 workers and has gained more than 50,000 active users since it was launched in mid-March.

This latest product innovation supercharges GajiGesa’s effort to expand financial resilience - establishing greater transparency in employee management as well as creating a holistic and meaningful integrated employee benefits solution for businesses of all sizes and their employees.

The company was founded in 2020 by Martyna Malinowska (formerly Product Lead at Standard Chartered Bank, Product Director at LenddoEFL) and Vidit Agarwal (formerly Head of Business Development APAC at Stripe, COO at CARRO, and first employee at Uber in Asia). The company is Headquartered in Jakarta with a distributed team also based in India and Singapore. GajiGesa announced a US$2.5 million Seed round in February (led by Defy.vc and Quest Ventures) and an undisclosed growth round in early May from additional strategic investors including OCBC NISP Ventura, the Founders of Kopi Kenangan, and other Indonesian investors and family offices.

About

Industries

Software, Financial Services, Finance, FinTech, Personal Finance, Employee Benefits

Founded

2020

Employees

51-100

Headquarters locations

Asia

Social

N/A

Profile Resume

GajiGesa headquartered in Asia, operates in the Software, Financial Services, Finance, FinTech, Personal Finance, Employee Benefits sector. The company focuses on Software and has secured $1.6B in funding across 144 round(s). With a team of 51-100 employees, GajiGesa is actively contributing to advancements in Software. Their latest funding round, Non Equity Assistance - GajiGesa, raised $Unknown amount. Discover more about their projects, partnerships, and impact on our platform.

Employees

imagePlace Vidit Agrawal

Vidit Agrawal

Co-founder & CEO

imagePlace Martyna Malinowska

Martyna Malinowska

Co-Founder & Chief Product Officer

Funding Rounds

Funding rounds

6

Investors

1

Lead Investors

0

Total Funding Amount

$11.1M

Details

4

GajiGesa has raised a total of $11.1M in funding over 4 rounds.

Announcement dateTransaction nameNumber of InvestorsMoney raisedLead Investor
2021Seed2.5M
2021Seed
2021Seed6.6M
2020Seed2.0M

Investors

GajiGesa is funded by 40 investors.

Investor NameLead InvestorFunding RoundPartners
Alto Partners Multi-Family Office-FUNDING ROUND - Alto Partners Multi-Family Office2.0M
Quest Ventures-FUNDING ROUND - Quest Venturesundefined
GajiGesa-FUNDING ROUND - GajiGesaundefined
Endeavor Indonesia-FUNDING ROUND - Endeavor Indonesiaundefined

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