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.

Quan Nguyen

Quan Nguyen

“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.

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Source: https://fintechnews.sg/69776/vietnam/vietnams-earned-wage-access-firm-gimo-closes-us5-1-million-series-a/