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.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
- Source: https://fintechnews.sg/69776/vietnam/vietnams-earned-wage-access-firm-gimo-closes-us5-1-million-series-a/
- 1
- 10
- 2021
- 9
- a
- access
- and
- appeals
- Blue
- bolster
- capital
- caps
- ceo
- Close
- Closes
- Co-founder
- Currently
- Debt
- digital
- drive
- earned
- earned wage
- Ether (ETH)
- expect
- extension
- financial
- Firm
- First
- first close
- fresh
- friendly
- funding
- Funding Round
- Growth
- HTTPS
- in
- Increase
- Incubating
- Innovation
- Investors
- joined
- launch
- Led
- max-width
- million
- months
- Nguyen
- partners
- plato
- Plato Data Intelligence
- PlatoData
- process
- Product
- Product Innovation
- provides
- raised
- raising
- Reported
- Resolution
- return
- returning
- revenue
- revenue growth
- round
- Secured
- seed
- Series
- Series A
- Series A funding
- Series A funding round
- Services
- Solutions
- startup
- suite
- team
- The
- to
- transaction
- underserved
- Ventures
- volume
- wage
- will
- workers
- Y Combinator
- zephyrnet