Hanoi, Vietnam, July 24, 2023 GIMO, a Vietnam-based startup providing flexible pay and financial well-being solutions for underbanked workers, announces the completion of Series A funding round with total capital raise of up to US$17.1 million. The final closing, comprised of a mixture of equity and debt financing, came only five months after the company […]

Unscrupulous lenders could try to cash in on the upcoming Lunar New Year holiday as blue-collar workers cope with the festive spending. Predatory lenders prey on blue-collar workers as the Lunar New Year approaches The 2022 survey of the Vietnam General Confederation of Labor revealed nearly 59% of workers had no savings, 38% were in […]

In 2022, the Vietnam General Confederation of Labor reports that there is a concerning 30 percent of blue-collar workers struggling with financial challenges [1]. Most of those workers remain susceptible to the predatory financial lifebuoy, as they calculate against inflation and insecurities.   This reality has triggered fintech companies to step up and empower Vietnamese […]

For the past few years, the workforce in European countries, U.S. and Australia, has been offered earned wage access (EWA), allowing employees to get their earns before their payday. As it has quickly shown significant impacts on people’s life and work, the solution has been newly introduced in developing countries; including Vietnam.  As a matter of […]