PH salary-on-demand startup Advance raises $16m, acquires Vietnam's BravoHR

PH salary-on-demand startup Advance raises $16m, acquires Vietnam's BravoHR

Advance co-founder and CEO Jaime de los Angeles

Advance, a Philippines-based fintech startup that operates a salary-on-demand platform, has announced raising a total of $16 million in its pre-Series A funding round co-anchored by Vietnam’s Do Ventures and emerging market credit provider Lendable.

DealStreetAsia first reported in December that the startup raised $6 million in equity in the latest funding round, which also marked Do Ventures’ first investment in the Philippines.

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