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HomeInsightNews & Update Refyne raises $82 mn in series B funding led by Tiger...

[Funding alert] Refyne raises $82 mn in series B funding led by Tiger Global, others

Chitresh Sharma & Apoorv Kumar founders of Refyne
Chitresh Sharma & Apoorv Kumar founders of Refyne

Refyne has raised $82 million in new funding led by Tiger Global & existing investors, including QED Investors, partners of DST Global, Jigsaw VC, XYZ Capital, and RTP Global.

Established in December 2020 by CEO and founder Chitresh Sharma and cofounder and CTO Apoorv Kumar, Refyne has developed a mobile-first Earned Wage Access (EWA) platform that enables companies to allow their employees to acquire their real-time income any time before their monthly salary is due.

Refyne partners with organisations to extend on-demand Earned Wage Access (EWA) to their employees. They believe employers play a crucial role in their staff’s financial literacy plan, and providing employees access to their real-time earned salary promotes a stress-free and productive workforce.

Their one-stop platform enables your employee base to build financial resilience and nurture a favourable work culture. With our plug and play technology, employees can see and withdraw their earned salary instead of opting for exploitative payday loans or other high-interest credit schemes.

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