Setlary, Malaysia’s leading Earned Wage Access (EWA) platform, today announced a strategic investment round valuing the company at RM 100 million. The funding, led by Lion X and Holborn Capital Partners, will be used to accelerate Setlary’s regional Asian expansion into new markets and enhance its comprehensive financial wellness platform.
Alongside the new strategic investors, CapBay will also provide additional funding firepower given its unique access to alternative capital. Collectively, the group of investors will provide a funding capacity of up to USD 25 million to grow and scale up Setlary’s customer portfolio.
This investment directly addresses the growing demand for corporations to fulfill the ‘S’ (Social) in their ESG mandates. Setlary’s platform provides a tangible, zero-cost solution for employers to improve employee financial well-being, which has been directly linked to higher staff retention and better hiring.
“The investors provide more than just capital; it’s a strong vote of confidence in Setlary’s mission to transform the financial wellbeing of workers,”
said Charles Chew, Co- Founder of Setlary.
“This strategic push ensures more employees will be able to access their earned income early and also access Setlary’s Wellness programs which will ensure long-term financial stability. Setlary’s main goal is to make Everyday your Payday”.
“Lion X Ventures is pleased to support Setlary as they build responsible and scalable earned-wage access infrastructure across Southeast Asia. We believe their technology, operational discipline, and employer-first model position them to deliver meaningful financial wellness benefits to workers while helping enterprises improve productivity and retention. Setlary demonstrates strong alignment with our investment thesis in the future of work and embedded financial services.”
said Irene Guo, CEO, Lion X Ventures
“At Holborn Capital Partners, we invest in businesses with the capability to scale sustainably and deliver real-world outcomes. Setlary’s disciplined operating model and clear value proposition for employers and employees make it a strong fit for our portfolio and our long-term partnership approach.”
said Ong Sheng Jie, Executive Director, Holborn Capital Partners
“Setlary’s platform helps employees’ short-term cash needs by allowing them to access their earned wages, while helping them to balance that with their long-term financial wellness.As they expand regionally, CapBay is proud to support Setlary with structured financing and robust risk frameworks, ensuring that earned wage access is delivered in a sustainable, compliant, and responsible manner at scale,”
said Ang Xing Xian, Chief Executive Officer of CapBay.
Visit Setlary to learn more about Malaysia’s leading Earned Wage Access solution.
Featured image: Strategic investment led by Lion X and Holborn Capital Partners, alongside funding
partnership with CapBay to fuel Setlary’s regional Asian expansion.
