Indonesia fintech Wagely makes bank while helping the unbanked
Wagely, a fintech out of Indonesia, made a name for itself with earned wage access: a way for workers in Southeast Asian countries to get advances on their salaries without resorting to higher-interest loans. With half a million people now using the platform, the startup has expanded that business into a wider “financial wellness” platform, and to give that effort an extra push, the company’s now raised $23 million.
The news is especially notable given the funding crash that startups in Indonesia have faced in the…