GIMO, a FinTech startup from Vietnam, has closed its Series A funding round with an investment led by TNB Aura.

Other investors in the round include Resolution Ventures, ThinkZone Ventures, Integra Partners, Y Combinator and Blauwpark Partners.

Founded in 2019, GIMO claims to strive to improve the financial lives of Vietnamese people in financial difficulty, first with a pay-as-you-go method.

Currently, nearly 500,000 workers from around 100 companies are receiving on-demand access to wages earned with GIMO, the company claims.

GIMO’s latest funding follows a year of significant growth. With 24x stable annual revenue growth and an 11x increase in transaction volume year-over-year, the company says it has delivered one of the most popular financial applications among Vietnamese workers. favored by financial hardship.

In 2021, GIMO secured a $1.9 million expansion seed round and is currently in the process of raising debt.

“The fresh capital will bolster our product innovation that appeals to the underserved workers and drive revenue growth. Our team has been incubating a suite of digital financial solutions and expects to launch in the months to come.”

GIMO CEO and co-founder Quan Nguyen.

San Fransciso-based technology company SendOwl pocketed $9 million in a seed funding round led by TheGP.

SendOwl provides the infrastructure to transfer, manage, protect, and collect payments for digital products.