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Kredivo has acquired Indonesian fintech platform GajiGesa for approximately US$5 million to US$6 million, a significant drop from its last valuation of around US$33 million. The sale was influenced by shareholder pressure amid challenges in securing further funding, which could lead to investor losses.Founded in 2020, GajiGesa offers Earned Wage Access services, enabling employees to access wages before payday, and serves over 27,000 users with a transaction value exceeding 611 billion rupiah (US$37.38 million). The platform competes with other players in the market, including Wagely and Paywatch.
Vidit Agarwal
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Kredivo acquires GajiGesa for six million dollars amid funding challenges
09:32 25.02.2025
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