Gifts of encouragement for workers from GIMO and Vietnam General Confederation of Labor

On May 13th, 2022, Mr. Ngo Duy Hieu – Vice President of Vietnam General Confederation of Labor, President of Vietnam Public Sector Union, and representatives from GIMO visited and handed out gifts to 50 workers in Chuong My and Thanh Oai District, Hanoi.  

Mr. Ngo stressed that Labor Month is the time of the year when all of us show our appreciation towards the labor community and lend a helping hand to those in need.  

He also thanked GIMO for its companionship and added that on-demand pay is instrumental in preventing high-interest payday loans that are preying upon vulnerable workers.  

During the events, GIMO joined the Vietnam General Confederation of Labor in handing out 50 gifts of encouragement to less fortunate employees in Chuong My and Thanh Oai Districts.  

During this year’s Labor Month, GIMO has actively engaged in a plethora of social activities hosted by the Vietnam General Confederation of Labor and other provincial confederations

GIMO joins in with the festivities of Binh Duong’s Labor Month 2022

From 5-8th May 2022, GIMO engages in a series of Labor Month events hosted by Binh Duong’s Federation of Labor and People’s Committee.  

Joining the opening ceremony, GIMO hopes our contribution could encourage exceptional workers and somehow brighten up the lives of unfortunate ones.  

Ms. Loan Nguyen – Madam President of Binh Duong’s Federation of Labor emphasized that Labor Month aims to spread more positivity among provincial workers. The companionship of businesses like GIMO at a wide range of impactful events drives a healthier and more motivated workforce, she also added.  

The four-day workers’ welfare fair is another highlight of the event. As an exhibitor, GIMO has the opportunity to showcase how on-demand pay can contribute to the financial well-being of workers.  

Binh Duong is home to 1.2 million workers and remains one of the country’s most critical industrial hubs. For the past two years, said millions of lives have been majorly disturbed by COVID 19. 

And so, with the active participation of local authorities and businesses, this year’s Labor Month will remain a practical move that empowers workers to contribute even further to Vietnam’s economic recovery and growth. 

GIMO accompanied 142 workers in celebration of Bac Ninh’s 2022 Labor Month

On April 26th, 2022, in Bac Ninh, GIMO joined the Opening Ceremony of the 2022 Labor Month organized by Bac Ninh’s Confederation of Labour and handed out presents for 142 local workers.  

The opening ceremony officially kicks off Bac Ninh’s 2022 Labor Month, which aims at paying tribute to local workers and raising awareness about workplace safety and hygiene. 

Joining the annual event as a sponsor, GIMO is hoping the support could bring some cheers to the lives of underprivileged workers and motivate those with outstanding performance. 

“Today’s gifts are such great encouragement for me and fellow workers, motivating us to work harder”, Ms. Trang Duong, shared her thoughts.  

Ms. Nguyen Thi Van Ha – the Chairwoman of Bac Ninh’s Federation of Labour, noted: “We always place worker benefits at the core of our work. In celebration of the 2022 Labor Month, we are and will be undertaking more practical initiatives to improve workforce wellbeing. We sincerely thank GIMO for accompanying us and local workers in today’s ceremony.” 

Bac Ninh’s Federation of Labour and GIMO handed out gifts for local workers 

The activity signifies GIMO’s strong determination to better the lives of workers by delivering quality and responsible financial services to them. This March, GIMO had formed partnership with Bac Ninh’s Confederation of Labour where the company pledges to support and actively engage in local social activities.

GIMO lands partnership with Bac Ninh’s Federation of Labour to improve worker well-being  

On March 28th, 2022, GIMO strengthened its commitment to serving workers by signing a partnership agreement with Bac Ninh’s Federation of Labour.

The signing ceremony was participated by Ms. Nguyen Thi Van Ha – the Chairwoman of Bac Ninh’s Federation of Labour, and Mr. Nguyen Anh Quan – CEO and Co-Founder of GIMO.

In practical terms, the agreement will allow GIMO to further engage with the Federation in improving the well-being of local workers. The Federation currently manages and represents approximately 330,000 union members workers in Bac Ninh.

“Serving workers has always been one of our top priorities,” said Mr. Nguyen Anh Quan. “Now we have an agreement in place to work closely with the Federation and enrich the lives of local workers.”

Earlier this February, GIMO partnered with the Federation to hand out 200 care packages to workers celebrating Tet away from their hometowns.

Alongside social activities, GIMO is also committed to delivering quality and reliable financial services for workers.

Ms. Nguyen Thi Van Ha commented: “According to a provincial survey, workers in industrial zones usually send two-thirds of their income home. Access to their earned wages, when they need them, would help them address their financial needs.”

The agreement took place a few weeks before Workers’ Month – an annual event initiated by The Vietnam General Confederation of Labour and held in May.

A Tet ride home with GIMO

HANOI, Vietnam – January 29th, 2022

Earlier this morning (29/01), GIMO sponsored 800 snack packs for workers and their families in Bac Giang province as they travel home for Lunar New Year (Tet in Vietnamese).  

The activity is part of the “Accompanying workers on their way home 2022” event initiated by Bac Giang Labor Union of Industrial Parks. Particularly, the Union arranged 17 free buses taking workers from Bac Giang to Ha Giang, Ha Tinh, Nghe An, Thanh Hoa, etc. safe and sound.  

As a sponsor, GIMO carefully selected and handed out nourishing snacks for each passenger, hoping they could all have a restful journey.  

“We appreciate the opportunity to bring a bit of cheer to the workers on their way home. In 2022 and beyond, GIMO will roll out more social projects to contribute to a healthier community,” said Mr. Nguyen Anh Quan – CEO and Co-Founder of GIMO.   

As the Lunar New Year comes close, everyone wishes to be home with their loved ones after a hard-working year. Unfortunately, given the prolonged pandemic, public transportation is far from optimal.  

On the other hand, free buses with strict COVID-19 prevention measures and healthy light meals represent an affordable and safe option for the workers and their families.  

Ms. Nguyen Thi Tram shared her story: “I feel delighted to have received immense support from the Union and GIMO this time of year, especially when the pandemic still carries on. Thank you so much!” 

“This year marks the first collaboration between the Union and GIMO. We look forward to working more closely with GIMO in the future to take better care of Bac Giang’s workers”, Mr. Ngo Duc Thang, the president of Bac Giang’s Union of Industrial Park also added.  

The activity is part of GIMO’s broader initiative to spread some festive cheers this Tet. Earlier this week, GIMO also handed out 200 care packages to Bac Ninh’s workers celebrating Tet away from home.   

GIMO is a leading on-demand pay solution provider in Vietnam that allows employees to gain instant and safe access to their earned wages. Via the solution, the company aspires to help workers with no or limited access to mainstream financial services, alleviate financial stress, and foster financial well-being.   

A Tet in Bac Ninh – Far from home yet close to the heart

HANOI, Vietnam – January 25th, 2022

Accompanied by GIMO, Bac Ninh’s Federation of Labour handed out 200 care packages to workers celebrating Tet away from their hometowns.  

After a hectic year, Tet is the time for family reunion and celebration. However, hundreds of workers in Bac Ninh have chosen to stay put and welcome the year of the Tiger far from home. Amidst the prolonged pandemic, many workers worry that strict preventive measures at home may hinder their journey home and back to work after the holiday.  

To ensure workers have the holiday they deserve, GIMO has partnered with Bac Ninh’s Federation of Labour to prepare 200 care packages, including handpicked Tet necessities.  

Ms. Nguyen Thi Van Ha – The Chairwoman of Bac Ninh’s Federation of Labor, shared her thoughts: “We are currently taking care of nearly 400,000 workers in Bac Ninh, many of which can hardly make ends meet. Tet is quickly approaching, so the Federation and GIMO have prepared some essential gifts, for workers like you to welcome the new year with prosperity”.  

“I am thrilled to have received such care and attention from both the Federation and GIMO. Though I cannot return home this year, the gifts along with loving regards really warm my heart” – Ms. H.V.A was wearing the biggest smile with the care package in hand.  

On the way to becoming every worker’s companion, GIMO wishes to strengthen their financial wellbeing and take care of their daily lives.  

“No matter where the workers are, they deserve a warm and fulfilled Tet. Hopefully, these gifts will add more flavor to their holiday feast. In the years to come, GIMO is committed to many other social activities, helping more workers everywhere,” said Mr. Nguyen Anh Quan – CEO and Co-Founder of GIMO.  

GIMO is a leading on-demand pay solution provider in Vietnam that allows employees to gain instant and safe access to their earned wage. Via the solution, the company aspires to help workers with no or limited access to mainstream financial services, alleviate financial stress, and foster financial well-being.

GIMO backed by Silicon Valley’s Y Combinator

GIMO has been recently made the cut into Y Combinator (YC) – the high-profile Silicon Valley-based startup accelerator with an acceptance rate of only 1.5-2%.  

With an acceptance rate of less than 3%, YC is one of the most renowned launchpads in the world and has backed over 3,000 companies since its inception in 2015. Top YC companies, including Stripe, Airbnb, Dropbox, Coinbase, and Reddit, among others, have a combined valuation of $400 billion as of July 2021. GIMO joins Y Combinator’s Winter 2022 batch and is one of a few Vietnamese companies to make it into the program. The incubator offers the selected startups a US$125,000 financial shot in the arm and an intensive three-month training. The program would give our co-founders – CEO Nguyen Anh Quan and CPO Nguyen Van Ngoc access to perks such as workshops, mentoring programs, and ends with Demo Day, where members present their businesses to specifically selected investors. 

With the growing concern over COVID-19, the batch will be held remotely.  

“The Y Combinator tag is a major validation for GIMO and takes us one step closer to solving some of the most challenging problems facing millions of underbanked workers in Vietnam and SEA. More than funding, it gives us exposure to the best practices for scaling a business in scaling our business and a large network of YC alumni and top-notch investors,” said Nguyen Anh Quan, GIMO’s Co-Founder and CEO.  

Partnering with employers, GIMO provides employees with instant, safe and affordable access to their earned wage any day of the month via a mobile app. The solution thus helps businesses nurture a positive workforce while acting as their supplementary resource for reduced payroll risks.  

The fintech startup currently serves 35,000 workers and is on track to cross a milestone of 180,000 users by the end of 2022.  

The financing event comes only a few weeks after the company closed its oversubscribed Seed+ round at US$1.9 million with Integra Partners, Resolution Ventures, Blauwpark Partners, and TNB Aura VN Scout. 

GIMO Partners with Viet Capital Bank to Launch the New Instant Pay Feature

HANOI, Vietnam – October 6, 2021   

GIMO has officially launched the new instant payment feature in partnership with Viet Capital Bank, enabling users to receive their earned wage in just 30 seconds starting from October 6, 2021. 

As one of the pioneers in the Earned Wage Access playing field in Vietnam, GIMO has provided local businesses and workers with a tech-based financial welfare program since 2019. Our solution constantly evolves, optimizing the user experience to the max. As of October 6, transactions can be made instantly with maximum security. 

Leveraging on Viet Capital Bank’s operating system, transactions on GIMO App are now verified and processed automatically. The newly integrated automation meets the highest security standard, reassuring GIMO’s users and business partners on cyber safety. 

“In this day and age, when technology is taking over all business aspects, data security is among top priorities for everyone. Working with Viet Capital Bank, HR personnel information and payroll data is more secured than ever. Our users and partners can now put their worries at ease.” Quan Nguyen, co-founder, and CEO of GIMO, shared his thoughts on the matter. “With this latest upgrade, aside from the enhanced safeguards, our users’ experience is optimized with instant access to their pay at a reasonable rate,” he added. 

Transactions on GIMO App are now processed within 30 seconds after the request is successfully submitted. Our users are now offered multiple options to fit their specific needs at that time of usage. The system integration between GIMO and Viet Capital Bank has successfully occurred, causing no delay or interruptions to GIMO current service offering. The instant pay option is now available to use for all GIMO’s users everywhere, providing instant assistance in times of financial emergency. 

As fellow entrepreneurs in the financial sector, GIMO is glad to have been able to partner up with Viet Capital Bank in upgrading our earned wage access solution. In 2020, Viet Capital Bank was honored to be awarded the title of “Bank with outstanding innovative products and services” by IDG and the Vietnam Association of Banks. Regularly cooperating with Vietnamese SMEs, Viet Capital Bank provides digital financial services, helping to innovate and transform business processes. 

Ba Sao x GIMO: The Dynamic Duo Together Powering Employees’ Financial Stability

HANOI, Vietnam – August 5th, 2021  

On August 5th, 2021, in partnership with GIMO, Ba Sao – one of the pioneers in catering services with over 14 years of experience- had successfully launched the new financial welfare program. The virtual event took place with the participation of nearly 60 people, including representatives from Ba Sao’s Board of Directors (BOD) and representatives from GIMO. With this new financial welfare program, Ba Sao’s employees can now receive their earned wage before payday, conveniently and quickly, via GIMO’s mobile app whenever they need.   

“We are constantly looking for a new welfare program to upgrade our current employees’ benefits. In collaboration with GIMO, Ba Sao’s Management Board wishes to accompany our employees when it comes to financial difficulties, together with building a healthy and stress-free workplace.”, said Mr. Bach Nguyen – Head of Internal Control Department at Ba Sao.    

“The pandemic continues, causing many disturbances to our lives. GIMO and Ba Sao’s Board of Directors want to minimize as much as possible the negative impacts affecting everyone’s lives during this tough time. We sincerely hope that the new financial welfare program will be of much help to you all.”, said Mr. Ngoc Nguyen – Co-founder and Chief Product Officer of GIMO.  

During the event, the attendees had the opportunity to participate in multiple q&a sessions, learn more about how to manage personal finance effectively, and share their expectations for the new program. They also had a chance to experience first-hand GIMO App and together share their experiences.   

“I am one of the first to experience GIMO App. I am pleasantly surprised by how convenient and practical the app is. It’s great that now I will be able to advance my payment without any paperwork “, said Ms. My – one of Ba Sao’s employees.   

For the past year, COVID has been heavily disruptive towards Vietnamese businesses. To cope with the situation and getting on with the new normal, Ba Sao strives to streamline its business process while also enhance the welfare of its most important stakeholders. GIMO’s tech-based solution is an efficient tool in times of financial emergency, helping Ba Sao to take better care of its employees and, in turn, increase its employee’s engagement.  

About Ba Sao   

Founded in January 2005, after more than ten years of establishment and development, TRISTAR now has 03 affiliated member organizations: Ba Sao, Trong Dong, and F&B. Ba Sao has been increasingly asserted its name as one of the leading industrial catering companies in the Northern region, with a staff community of 2,000 employees. Ba Sao is proud to be a reliable partner providing more than 200,000 meals daily to large corporations such as Honda, Yamaha, Panasonic, Hoya, Samsung, LG, …. from countries such as Japan, Europe, Korea, …

Learn more about Ba Sao company here.

About GIMO    

GIMO is one of the pioneers to provide Earned Wage Access solutions to Vietnamese enterprises and workers. With two-thirds of Vietnam’s working population having no or limited access to the formal lending system, we see an opportunity to make a difference. 

 

 

Contact Information 

Hotline: 1900 232 360  

Email: marketing@gimo.vn 

GIMO x Mobicast: Enhancing Employees’ Welfare With An On-demand Payment Platform

“As the BOD of Mobicast, we believe that it is necessary to constantly explore new ways to enhance employee’s engagement and welfare. At first, the BOD was not yet able to evaluate the benefits of the program. However, we have been successfully persuaded with the positive feedbacks from our own employees, proving to us just how useful the program can be.”

Ms. Tran Thuy Duong, HR Manager of Mobicast

Introduction

Keeping employees’ best interests at heart, the human resource management team at Mobicast constantly pushes themselves, looking for ways to ensure and enhance employees’ welfare. However, due to the lack of options, they have yet to find the most suitable and optimal solution until GIMO came into the picture. Starting from 2020, Mobicast collaborated with GIMO to adopt our on-demand payment platform as a new financial benefit for all employees. 

The Challenge

In Vietnam, EWA (Earned Wage Access) remains a relatively foreign concept. Not many companies have had the chance to study and try for themselves, Mobicast included. At the beginning stages of implementation, Mobicast’s board of directors cannot accurately evaluate the benefits of this new program. Not only so, implementing such a new tech-based program can be timely and costly to the human resource department. 

Our Practice

GIMO organized a launching event for all of Mobicast’s employees to equip them with the necessary information about GIMO and our platform. After the launch, GIMO also prepares a condensed questionnaire to survey the employees’ experience with our mobile app and their purpose of usage. We also collected the testimonials of the human resource management team members. 

Key Takeaways

69% of the respondents used GIMO for emergent payment. This was concluded to be the most popular reason among the respondents. Aside from that, 38% uses GIMO to pay off their credit card, and 31% uses GIMO to make personal investments. It is safe to say that most respondents have financial burdens in their daily lives that need to be taken care of with urgent cash payments. 

On average, each of the respondents makes four payment requests every month on GIMO’s platform. Since provided with GIMO’s platform, the majority of the respondents seem to have used it regularly. All of the respondents have agreed that GIMO had indeed relieved some of their financial burdens. 

100% of the respondents had a pleasant experience using GIMO’s platform. The majority find that the app is easy to use, and the request is processed relatively quickly. Additionally, the overall rating for the app is now at 4.31 on a scale of one to five, showing that the respondent has little to no trouble accessing their earned wage every month through GIMO’s app. Ms. Dung, one of Mobicast’s employees who have been using GIMO for the past six months, stated that GIMO has helped with her finances quickly and conveniently. Thoroughly enjoying her experience, she has also recommended GIMO to her friends and colleagues, giving highly positive feedback. 

GIMO’s survey has proven that when employees can proactively access their earned salary, their lives seem to have significant improvement. The financial burden is an issue for every working human being, and GIMO’s solution can help with just that. Not only are we giving employees rightful access to their earnings but also bettering their personal financial management. 


About Mobicast

Mobicast is a Vietnam-based start-up in the field of MVNO. The Mobicast team focuses on developing telecommunication solutions and useful technologies for users towards a user-friendly experience and optimal performance with a customer-centric orientation. 

 

About GIMO

GIMO is one of the pioneers to provide Earned Wage Access solutions to Vietnamese enterprises and workers. With two-thirds of Vietnam’s working population having no or limited access to the formal lending system, we see an opportunity to make a difference. GIMO has been serving more than 6,000 workers from nearly 20 partnered businesses to access their earned wages.