AEI Legal advised fintech startup GajiGesa on its seed funding round, raising US$2.5 million from a number of investors including noted US-based investor Defy.vc. Other investors included Next Billion Ventures, GK Plug and Play, Alto Partners Multi-Family Office, Kanmo Group, and strategic angel investors.

GajiGesa aims to assist workers by providing Earned Wage Access, to alleviate financial stress, and make it easier for workers to manage income.

Read more on Techcrunch:
GajiGesa, a fintech startup serving underbanked Indonesian workers, raises $2.5 million seed round – TechCrunch

AEI lawyers Andrea Chee & Zhitian Law advised GajiGesa.

AEI Legal advised the Xfers Group as part of the US$53 million Series B round for Payfazz Financial Group. Other investors included B Capital, Insignia Venture Partners, Tiger Global, Y Combinator, and Ace & Company.

Payfazz offers a portfolio of mobile services that make it easier for Indonesians, even in rural areas without banks, to handle routine financial tasks. Payfazz has reported 10 million monthly active users, and has been named one of Indonesia's top 10 fintechs.

Read more on Techcrunch:
https://techcrunch.com/2020/07/06/payfazz-gets-53-million-to-give-more-indonesians-access-to-financial-services

AEI lawyers Andrea Chee & Yuho Bong advised the Xfers Group.