Wagely raised $23 million in a funding round led by Capria Ventures in a mix of equity and debt.
03/04/24, 1:31 PM
Location
indonesiaMoney raised
$23 million
Investors
East Ventures (Growth Fund), Capria Ventures
Wagely, an Indonesian fintech startup, has raised $23 million in a funding round, with a mix of equity and debt. The equity portion of the round is led by Capria Ventures, which has invested in companies like ShareChat, Masai School, and Cuemath in India.
Company Info
Location
indonesia
Additional Info
The startup has already signed up leading ready-made garment manufacturers like SQ Group, Classic Composite, and Vision Garments. Wagely says its user base grew 10x year over year in 2021, with clients including British American Tobacco, Ranch Market, Adaro Energy and Medco Energi. Wagely also received backing from Central Capital Ventura, the venture capital arm of Bank Central Asia (BCA), one of Indonesia’s largest private banks.