Salary Hero lands US$7.6M Series A to take its fight against loan sharks to Malaysia
Bangkok-based financial health platform Salary Hero has raised US$7.6 million in a Series A round of investment led by Cento Ventures, with Malaysia’s Kairous Capital and M Venture Partners participating. The startup has also expanded its credit facility with regional banks and lenders to US$10 million, and is using the money to formally enter Malaysia, […] The post Salary Hero lands US$7.6M…
Bangkok-based fintech Salary Hero has raised US$7.6 million in Series A funding to expand its services in Malaysia. The round of investment was led by Cento Ventures, with participation from Malaysia's Kairous Capital and M Venture Partners. Salary Hero aims to provide wage access, allowing workers to draw on wages already earned before payday.
The startup has already expanded its credit facility with regional banks and lenders to US$10 million. Salary Hero seeks to address the financial well-being gap for low-income households in Malaysia, where 61% of Malaysians struggle to raise RM1,000 (about US$230) in an emergency. The company has already secured 50 corporate partners in Malaysia by the end of 2027.
Despite competition from other EWA providers in the region, Salary Hero's advantage lies in its tight HR integrations and its experience in Thailand.
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