About HR SaaS sector in Indonesia
The HR SaaS sector in Indonesia comprises 199 companies, including 17 funded companies having collectively raised $60.5M in venture capital money and private equity. Out of these, 7 are Series A+ funded.
HR SaaS sector in Indonesia has seen 2 acquisitions and 1 IPO.
This sector includes companies offering cloud-based solutions for HR professionals to manage their employees and day to day work.
Cloud-based HRMS, Payroll, Employee Engagement, Job Boards, Marketplaces, Performance Management Tools, other HR-related software are included in this sector. Non-Cloud-based HR Solutions, Generic Cloud Infra Solution, Services Companies are excluded.
Top HR SaaS Companies in Indonesia
There are 199 HR SaaS startups in Indonesia which include Wagely, Gaji Gesa, Talenta.co, Staffinc, GreatDay HR. Out of these, 17 startups are funded, with 7 having secured Series A+ funding.
Over the past 10 years, an average of 13 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Nanyang Technological University (NTU), Harvard University and National University of Singapore (NUS).
Here is the list of top HR SaaS startups in Indonesia
1. Wagely
Provider of an online platform for payday loans. It enables employees to access a part of the salary based on the number of days worked. Employees can use wages for bill payments, credit card payments, and more. It also provides solutions that can be integrated into the existing accounting software.
Key facts about Wagely
- Founded Year: 2019
- Location: Jakarta (Indonesia)
- Stage: Series A
- Total Funding till date: $36.9M
- Investors: Capria, Integra Partners and 13 Others
- Latest Funding Round: Conventional Debt, Mar 04, 2024, $*****
- Tracxn Score: 56/100 What is this?
- Competitors Rank: 2 of 5 Competitors
2. Gaji Gesa
Online financial wellness platform for employees. It offers a platform for employee data security, low transaction fees, and debt bondage avoidance.
Key facts about Gaji Gesa
- Founded Year: 2020
- Location: Jakarta (Indonesia)
- Stage: Acquired
- Total Funding till date: $9.1M
- Investors: MassMutual Ventures, Defy and 17 Others
- Latest Funding Round: Seed, Nov 29, 2021, $*****
- Tracxn Score: 54/100 What is this?
- Competitors Rank: 3 of 5 Competitors
3. Talenta.co
Cloud-based platform for HRMS suite. The platform offers tools for managing payroll, attendance, expense, employee benefits, performance, etc. It is the tool available on the subscription-based pricing model.
Key facts about Talenta.co
- Founded Year: 2014
- Location: Bandung (Indonesia)
- Stage: Acquired
- Total Funding till date: $1M
- Investors: East Ventures, Launchpad Accelerator and 3 Others
- Latest Funding Round: Seed, Aug 08, 2016, $*****
- Tracxn Score: 52/100 What is this?
- Competitors Rank: 59 of 3,057 Competitors

4. Staffinc
Cloud-based HRMS platform for enterprises. It provides automated HR software for recruitment, employee attendance and leaves management, onboarding, payroll administration, applicant tracking system, workforce performance tracking system, internal information management, etc. It offers tools for candidate sourcing and screening candidate. It offers demand pay benefits for employees and a job portal. It is a tool available on the subscription-based pricing model.
Key facts about Staffinc
- Founded Year: 2018
- Location: Jakarta (Indonesia)
- Stage: Series B
- Total Funding till date: $11M
- Investors: Golden Gate Ventures, Altara Ventures and 8 Others
- Latest Funding Round: Series B, Sep 05, 2023, $*****
- Tracxn Score: 48/100 What is this?
- Competitors Rank: 85 of 3,057 Competitors

5. GreatDay HR
GreatDay HR offers human resource management solution for employers. It allows users to record employee’s attendance, track & approve employee's leave request, create & deploy payslips, approve claim & loan request, design organizational structure, schedule work shifts, and manage employee's data & record. Offers subscription-based pricing model. Clients include Everbest, Golden Rama, Telkom Property, and American Broadcasting Company.
Key facts about GreatDay HR
- Founded Year: 1999
- Location: Tangerang (Indonesia)
- Stage: Early Stage
- Total Funding till date: $2.5M
- Investors: Otium
- Latest Funding Round: Unattributed, Dec 13, 2018, $*****
- Tracxn Score: 45/100 What is this?
- Competitors Rank: 50 of 1,101 Competitors
Companies founded year-on-year in the HR SaaS sector in Indonesia
30 HR SaaS startups in Indonesia were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | 6 |
2023 | 9 |
2022 | 14 |
2021 | 22 |
2020 | 30 |
2019 | 21 |
2018 | 21 |
2017 | 15 |
Stage-wise distribution of HR SaaS sector companies in Indonesia
Out of the total 199 HR SaaS companies in Indonesia, 17 have secured funding. Among them, 7 have reached Series A or higher, and 4 to Series B or beyond.
Founded - 199
Funded - 17
Series A+ - 7
Series B+ - 4
Series C+ - 3
Company Stage | No. of companies |
|---|---|
Founded | 199 |
Funded | 17 |
Series A+ | 7 |
Series B+ | 4 |
Series C+ | 3 |
Funding Trends in the HR SaaS sector in Indonesia
Total funding year-on-year in the HR SaaS sector in Indonesia
The HR SaaS sector in Indonesia saw a total funding of more than $60.5M in the last 10 years. The most amount of funding was in 2024 at more than $23M.
- Total Funding
Year | Total Funding |
|---|---|
2024 | $23M |
2023 | $3.9M |
2022 | $8.3M |
2021 | $19.7M |
2020 | - |
2019 | $1.5M |
2018 | $3.1M |
2017 | - |
Recent Funding Rounds in HR SaaS in Indonesia
In the year 2024, till March 2024, HR SaaS companies in Indonesia have raised $23M in equity funding across 1 round.
Here are some recent, important funding rounds in HR SaaS companies in Indonesia:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 2096 | Mar 04, 2024 | ||
Series B | 6189 | Sep 05, 2023 | ||
Seed | 3463 | Nov 22, 2022 | ||
Seed | 9416 | Mar 16, 2022 | ||
Seed | 6214 | Nov 29, 2021 |
Top Investors in HR SaaS in Indonesia
Plug and Play Tech Center is the top investor in HR SaaS companies in Indonesia based on number of companies invested.
Here are some top investors in HR SaaS companies in Indonesia:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
New York City (United States) | - | |
Tokyo (Japan) | Wagely and Talenta.co | |
Tokyo (Japan) | - | |
Singapore (Singapore) |
M&A activity in HR SaaS sector in Indonesia
In the year 2025, till February 2025, 1 acquisition happened in HR SaaS sector in Indonesia.
Here are some recent, important acquisitions in HR SaaS sector in Indonesia:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Feb 26, 2025 | ||
Business Acquisition | May 04, 2018 |
Acquisition trends in HR SaaS sector in Indonesia
Here are the acquisition trends in HR SaaS sector in Indonesia:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 1 |
2024 | - |
2023 | - |
2022 | - |
2021 | - |
2020 | - |
2019 | - |
2018 | 1 |
2017 | - |
Colleges which produce the most HR SaaS companies in Indonesia
Companies founded by alumni from top colleges in the HR SaaS in Indonesia
Most number of HR SaaS startups in Indonesia have been founded by alumni from Nanyang Technological University (NTU), Harvard University and National University of Singapore (NUS).
College | No. of companies |
|---|---|
Nanyang Technological University (NTU) | 3 |
Harvard University | 2 |
National University of Singapore (NUS) | 2 |
Columbia University | 1 |
Stanford University | 1 |
Top News in HR SaaS in Indonesia
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Wagely partners with Shadhin to provide smartphone EMI facility for RMG workersDhaka Tribune•May 29, 2023•Wagely, Shadhin
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Wagely partners with Impress NewtexDhaka Tribune•Mar 08, 2023•Wagely, Impress Newtex Composite Textiles
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Wagely onboards Noor Elahi as Managing Director for BangladeshDhaka Tribune•Nov 20, 2022•Wagely, Western Union
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BGMEA partners with Bangladesh’s financial wellness pioneer, WagelyDhaka Tribune•Oct 11, 2022•BGMEA, Wagely
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Indonesia’s GajiGesa inks pact with Gaji.id to expand service reachShareandstocks•Jun 30, 2022•Gaji Gesa, Gaji.id
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