A former exec from Stripe and Uber is ‘OK to give up 100x growth’ to build a new business that will last

The idea was to give workers access to their wages at the end of the month. Workers will be protected from predatory lenders as a result of that.

The person is GajiGesa.

The co- founder of a startup in Indonesia knows that growth is good. Staying power is more beneficial.

Profitability is a topic that everyone is talking about. I want it to stay. Over the years, I have advocated building a profitable business.

The firm makes it possible for workers to withdraw their earnings as they make them rather than waiting until the end of the month to be paid. In Bahasa Indonesia, Gaji meanssalary andgesa meanshaste.

Anuj Kumar Maheshwari, chief financial officer at retail distributor Kanmo Group, said thatVidit is a fantastic individual in terms of always pushing the boundaries.

The perk of being able to withdraw portion of their salaries before the end of the month is being used by the HR department.

It was a scene of loan sharks circling on two sides of a factory in Semarang that led to the discovery of GajiGesa.

They were trying to give money to the workers. They were trying to get money from the workers on the other side.

It's a poor experience. The workers didn't have an option. The average Indonesian worker makes around 2 million Indonesian rupiah a month.

There is a human resources manager at the restaurant. They used to get a lot of phone calls from loan sharks.

The phone calls stopped after we began using GajiGesa.

I’m OK to give up the 100% growth or 100x growth a year if I can build a revenue-based, sustainable business.

There are 42 different ways to use the GajiGesa app.

More than 750,000 employees are served by GajiGesa.

GajiGesa is the largest player in Indonesia. I don't just say that He said that investors in the market tell them that we are the largest.

It is a blessing that we didn't have to lay off people because we have never over-hired.

Theentrepreneur talked about how he runs his business.

He doesn't think in using incentives to sustain user engagement. He will stop the product if it doesn't work.

It is not a business to have to pay $2 to make $1 revenue.

Incentives are given when they join a new company, but they don't give them to existing users.

It's important to balance growth with sustainable living.

We have never had fancy dinners. But we don’t compromise on fun. We have done events in the office where we have catered food. The cost is low, but we have made sure people really enjoyed themselves.

If I can build a revenue-based, sustainable business, I will give up 100x growth.

He said that at Malaysian used car marketplace Carro, they have a principle called frugality balanced with quality, which he applies to his startup today.

He said that they don't want to give up on quality but also want to be frugal.

His employees called him cheap because he was so thrifty.

We've never had a fancy dinner. We don't give up on fun. There are events in the office where we serve food. The cost is low, but we want people to enjoy themselves.

Even though the company has the money to pay for the discount, he would negotiate for it. Extra fat on the bone is cut out.

People join GajiGesa because they want to know why the CEO cares about the $10 cost. He doesn't have better things to do. I want my team to see that if I can travel on a budget or eat healthy meals.

I personally take a lot of pride in building somebody’s career because I have always had great managers at Stripe who helped build my career.

Even though they had $9 million in the bank, they were already cutting costs.

The seed round was raised in February of 2021, and the pre-Series A was raised in November of that year. January Capital is one of the investors.

He said that they spend on things that are important for the business.

They don't compromise on engineering. Tech tools are important to us. "We don't compromise on commission for our top performers."

He learned how to care for people when he worked at Stripe. TheStripe really treated you as a human being.

Stock options are given to all full time employees of GajiGesa.

Paying bills and taking care of the family is what we all have to do. The team gets real value out of it if the company does well and there is a good exit.

The GajiGesa team is made up of people.

The person is GajiGesa.