Administration of Equity Investment for Financial Wellness Holdings Pte Ltd: Report and Recommendation of the President

Reports and Recommendations of the President | May 2021

The transaction involves the administration by the Asian Development Bank (ADB) of an equity investment of up to $3,000,000, with an initial investment of up to $750,000 in a nonoperating holding company called Financial Wellness Holdings Pte. Ltd. (Wagely) in Singapore to expand its operations in Indonesia (conducted through its operating Indonesian subsidiary, PT Gaji Pintar Indonesia), to be provided by the ADB Ventures Investment Fund 1 under the ADB Ventures Financing Partnership Facility.

The report and recommendation of the President to the Board of Directors (RRP) document describes the terms and conditions of a project for consideration and approval by ADB's Board of Directors.

This document dated May 2021 is provided for the ADB project 55159-001 in Indonesia.

Linked Documents

Country Economic Indicators

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.

Established in 1966, it is owned by 68 members—49 from the region.

ABOUT ADB

ORGANIZATION

ACCOUNTABILITY

Strategy 2030: Operational Priorities

Annual Meetings

ADB supports projects in developing member countries that create economic and development impact, delivered through both public and private sector operations, advisory services, and knowledge support.

ABOUT ADB PROJECTS

PRODUCTS AND SERVICES

KNOWLEDGE

TOPICS

Learn about ADB activities in member countries and regional offices.

Get information on country economic data and analysis, development assistance, and regional initiatives.

REGIONAL OFFICES

LIAISON OFFICES

SUBREGIONAL PROGRAMS

With employees from more than 60 countries, ADB is a place of real diversity.

Work with us to find fulfillment in sharing your knowledge and skills, and be a part of our vision in achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific.

CAREERS AND SCHOLARSHIPS

FOR INVESTORS

INFORMATION ON WORKING WITH ADB FOR...

PROCUREMENT AND OUTREACH

Administration of Equity Investment for Financial Wellness Holdings Pte Ltd: Report and Recommendation of the President

Linked Documents

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.

Established in 1966, it is owned by 68 members—49 from the region.

ABOUT ADB

ORGANIZATION

ACCOUNTABILITY

Strategy 2030: Operational Priorities

Annual Meetings

ADB supports projects in developing member countries that create economic and development impact, delivered through both public and private sector operations, advisory services, and knowledge support.

ABOUT ADB PROJECTS

PRODUCTS AND SERVICES

KNOWLEDGE

TOPICS

Learn about ADB activities in member countries and regional offices.

Get information on country economic data and analysis, development assistance, and regional initiatives.

REGIONAL OFFICES

LIAISON OFFICES

SUBREGIONAL PROGRAMS

With employees from more than 60 countries, ADB is a place of real diversity.

Work with us to find fulfillment in sharing your knowledge and skills, and be a part of our vision in achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific.

CAREERS AND SCHOLARSHIPS

FOR INVESTORS

INFORMATION ON WORKING WITH ADB FOR...

PROCUREMENT AND OUTREACH

Administration of Equity Investment for Financial Wellness Holdings Pte Ltd: Report and Recommendation of the President

Linked Documents

Project Number

Countries

Subjects