Wagely Hits Profitability After $120M Wage Disbursal

Wagely, a Jakarta- and Dhaka-based earned wage access (EWA) platform, has achieved profitability after disbursing over US$120 million in wages since its launch.

To date, the company has processed more than 3.5 million wage transactions with a loss rate of under 0.5 percent, underscoring the resilience of its payroll-integrated model. Wagely partners with over 200 employers in Indonesia, including major corporations such as Adira Finance, British American Tobacco, and OCS, enabling more than 1 million workers to access their earned wages before payday. Unlike traditional lending, Wagely’s model eliminates credit risk since withdrawals are tied directly to employees’ already-earned wages.

Key Highlights

• Wagely disbursed $120M across 3.5M wage transactions
• Partners with 200+ employers, serving 1M+ workers
• Expands with budgeting tools and Bangladesh market entry

The platform recently expanded its offerings with budgeting and savings tools, further enhancing its role as a financial wellness solution. Beyond Indonesia, Wagely is exploring growth opportunities in Bangladesh, targeting a region where employee financial stress is a key workplace concern.

The company’s profitability comes as the broader EWA sector sees rising consolidation, such as Kredivo Group’s full acquisition of GajiGesa, reflecting recognition of the model’s sustainable economics. Research highlights that 73 percent of financially stressed employees are more likely to consider employers offering financial wellness benefits, while 46 percent of workers prioritize job opportunities that provide EWA.

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By positioning EWA as an employee benefit rather than a lending product, Wagely has built a recurring revenue stream and strong employer partnerships, cementing its place as one of Southeast Asia’s leading financial wellness platforms.