Fintech Startup Gimo Bags $1.9M In Seed+ Round Led By Integra Partners
11/22/21, 9:30 PM
Location
Money raised
$1.9 million
Industry
financial services
software
Round Type
seed
GIMO, Vietnam’s fintech startup offering on-demand pay for blue-collar workers, announced on Tuesday that it had successfully raised $1.9 million in a Seed+ round led by Singapore’s Integra Partners.
Company Info
Location
hanoi, hanoi, vietnam
Additional Info
According to GIMO’s Co-founder and CEO Nguyen Anh Quan, the new investment will help the company improve the financial stability and resilience of blue-collar workers, as well as fast-track financial inclusion in Southeast Asia. With the fresh funding, the company plans to allocate more resources for hiring senior engineers, strengthening risk management competencies, and integrating advanced technologies such as data analytics and artificial intelligence to enhance customer experiences. Earlier in March, the company just announced an undisclosed amount of seed funding from ThinkZone Ventures, BK Fund, and a group of angel investors. By allowing users to get instant and safe access to their earned wage, the company aspires to empower workers having no or limited access to mainstream financial services to alleviate financial stress and foster financial well-being. To date, GIMO has provided on-demand pay for more than 25,000 workers, mainly in manufacturing and retail sectors, growing monthly at 130 percent. About GIMO GIMO is a leading on-demand pay solution provider in Vietnam.