_-_Mads_Werner.png)
offers Earned Wage Access(EWA) financial services enabling low-income workers to flexibly access their earnings when needed.
🔖 Basic Info
🙎Team
- (CEO) Mads Werner
- Danish Technical University, Bachelor in IT & Economics
- Board member of the Nordic Chamber of Commerce
- (Chairman) Luong Tuan Trung
- Danish Technical University, Bachelor in IT & Economics
- (Partner) Hai Dang
- University of British Columbia, Bachelor in Business Commerce
💵 Round Target
- Investment Round: Seed
- Funding Period : ‘24 4Q - ‘25 1Q
🌍Impact
- In Vietnam, 59% of workers have no financial reserves and limited access to formal financial services, leading 17% to rely on high-interest informal loans and predatory lenders for urgent pre-payday expenses.
- Ekko enhances workers' financial inclusion by providing instant liquidity through Earned Wage Access(EWA) service, improving access to financial services while reducing reliance on informal lending channels.
💼Business Model
- Developing and operating an integrated financial app & web platform that combines EWA services with financial education for low-income workers (B2C) and automated payroll management for employers (B2B)
🚀Competitiveness
- Leverage strong partnerships with the Vietnamese government, labor unions, and key HR management systems to scale operations efficiently and reach a large workforce
- Offer a comprehensive financial wellness package tailored for low-income workers, delivered as a subscription for employers- enhancing both financial accessibility and profitability
- Ensure secure data handling, enterprise compliance, and a transparent wage access process with its ISO 27001-certified platform
🌐 Expansion into global markets
- Current Presence and Long-term Plan
- Operate in Vietnam with plans to expand across Southeast and South Asia, including the Philippines, Cambodia, Indonesia, Laos, Malaysia, Thailand, India, and Bangladesh