GIMO provides on-demand payroll services for blue-collar workers in Vietnam. The company reported 24x year-on-year revenue growth and an 11x year-on-year increase in transaction volume. Leadership says the fresh capital will bolster product innovation that appeals to underserved workers. Its team has been incubating a suite of digital financial solutions and expects to launch them in the months to come. GIMO previously raised a US$1.9 million seed extension in 2021. The company is also in the process of raising debt capital. Gimo is a Hanoi, Vietnam–based fintech offering on-demand pay for blue-collar workers through a mobile app integrated with employers' payroll systems. Led by CEO Nguyen Anh Quan and officially rolled out in early 2021, the app lets users access earned salary instantly, track workdays and daily earnings in real time, and receive personal finance tips. To date Gimo has provided on-demand pay for more than 25,000 workers, mainly in manufacturing and retail sectors. The company plans to build a broader digital financial platform to help blue-collar workers organize paychecks, spending, savings and investments. Gimo intends to use new funding to expand operations, hire senior engineers, strengthen risk management, grow its business across Southeast Asia, and integrate data analytics and artificial intelligence to enhance customer experiences. Earlier in March the company received an undisclosed seed round from ThinkZone Ventures, BK Fund and a group of angel investors, and has now completed a $1.9M Seed+ round.

Total raised

$7M

Funding rounds

2

Latest round

Series A

Latest activity

Feb 2023