Kredivo Acquires GajiGesa, Earned Wage Access Platform In Indonesia

Kredivo's acquisition of GajiGesa (photo: Kredivo)

JAKARTA - The Kredivo Group officially acquired GajiGesa, the Earned Wage Access (EWA) platform operating in Indonesia. GajiGesa will continue to operate on its own brand, but as a new business unit under the auspices of the Kredivo Group.

As a platform that supports financial well-being, GajiGesa allows employees to disburse part of their monthly salary easily through the app, so that it can help them avoid high-interest loans.

On the other hand, the company can easily integrate this service with its internal system, thus contributing to increasing employee retention and optimizing working capital.

"GajiGesa is proud to join the Kredivo Group. As the fastest growing EWA platform in Indonesia in recent years, GajiGesa has served more than 350.000 users," said Vidit Agrawal, Co-founder and CEO of GajiGesa.

Vidit also believes funding from Kredivo can bring the GajiGesa business to a higher level, and open up opportunities to accelerate future growth.

On the other hand, Abhijay Sethia as Kredivo Group's Chief Strategy Officer believes that the solution from GajiGesa not only provides great benefits for employees and companies, but also complements the Kredivo Group's business line.

"For that, we are very enthusiastic about supporting Vidit and the entire GajiGesa team in accelerating their business growth in the future," said Abhi.

This acquisition will be completed after obtaining final approval and all requirements are met in accordance with applicable procedures and standards.