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GajiGesa raises US$2.5m to expand in Indonesia
 

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.

 
Cialfo's US$15 million Series A raise
 

AEI Legal advised edtech Cialfo on the extension of its Series A round to US$15 million.

The round was co-led by SIG and Vulcan Capital, and included other noted investors such as January Capital, Bisk Ventures, DLF Venture, Alto Partners Multi-Family Office, and Immobillari as well as angel investors Patrick Walujo and Teik Ngan Loy.

Cialfo connects higher education institutions & students across the globe by providing AI-powered college search & application management tools and intends to expand its reach in India, China, and Southeast Asia.

Read more on Entrepreneur:
https://www.entrepreneur.com/article/364672

AEI lawyers Andrea Chee & Zhitian Law advised Cialfo.

 
Riverwood Capital leads Insider's Series C round
 

Insider, a Turkish marketing platform headquartered in Singapore and operating in 23 countries, closed a recent funding round that allegedly valued Insider at over US$200 million.

The Series C involved prominent investors Riverwood Capital, Sequoia Cpaital, Wamda Capital, and Endeavor Catalyst, amongst others.

AEI lawyers Andrea Chee and Zhitian Law were Singapore counsel to Riverwood Capital.