(Updated) Kredivo acquires earned wage access company GajiGesa for nearly US$12M

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The story "(Updated) Kredivo acquires earned wage access company GajiGesa for nearly US$12M" was covered 5 days ago by e27, a news publisher based in Singapore.

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e27 Logo e27 5d ago

(Updated) Kredivo acquires earned wage access company GajiGesa for nearly US$12M - e27

Quick Summary:

Indonesia-based earned wage access (EWA) company GajiGesa has been acquired by buy-now-pay-later company Kredivo, according to multiple news reports citing regulatory filings.

While news reports estimated the transaction amount at US$5 million to US$6 million, a source familiar with the matter told e27 that it is closer to US$12 million.

The price is just about a third of GajiGesa’s previous valuation of around US$33 million.