Refyne is India’s first Earned Wage Access (EWA) provider based in Bengaluru. The B2B2C company was founded in 2020 by Chitresh Sharma and Apoorv Kumar. Refyne partners with organisations to allow their employees - full-time and contractual - to access their real-time earned pay anytime before payday, enabling them to align their expenses with their income and build their financial stability. Refyne is an affordable and innovative financial product that can help users curb their dependence on costly credit schemes and prevent them from falling into debt traps. The company currently caters to more than 300,000 employees of over 100 companies in India. Its clientele includes Cars24, Rebel Foods, Hira Group, Chai Point, Wow! Momos, and others. Refyne is backed by leading global investors like QED Investors, Jigsaw VC, partners of DST Global, RTP Global, and XZY Capital.
Location: South Africa, Gauteng, Gosforth
Employees: 51-200
Total raised: $118.1M
Founded date: 2020
Investors 4
| Date | Name | Website |
| 22.10.2021 | XYZ Ventur... | xyz.vc |
| - | Jigsaw VC | jigsaw.vc |
| - | QED Invest... | qedinvesto... |
| - | Digital Ho... | digitalhor... |
Funding Rounds 3
| Date | Series | Amount | Investors |
| 13.01.2022 | Series B | $82M | XYZ Ventur... |
| 08.06.2021 | - | $20.1M | - |
| - | Series A | $16M | - |
Mentions in press and media 19
| Date | Title | Description | Source |
| 13.01.2022 | Refyne Raises $82 Million In Series B Funding | - | entreprene... |
| 12.01.2022 | Refyne raises $82 million in Series B funding led by Tiger G... | The funds will be used for Refyne’s product development, expansion of the team and ramping up variou... | thehindubu... |
| 12.01.2022 | Bengaluru-based Refyne Has Raised USD 82 million In Its Seri... | Refyne, which says it is India’s first and largest earned wage access (EWA) platform, has announced ... | investindi... |
| 12.01.2022 | Refyne Raises $82 Million In Series B Funding Round Led By T... | Refyne, a Bengaluru-headquartered earned wage access (EWA) solutions provider, has raised $82 millio... | thestartup... |
| 12.01.2022 | Tiger Global leads $82 Mn Series B round in Refyne | Salary-on-demand startup Refyne has raised $82 million in its Series B round led by Tiger Global and... | entrackr.c... |
| 12.01.2022 | Salary-on-demand startup Refyne raises $82 million in fundin... | ETtech Refyne, a platform which helps employees draw their salaries on demand, said it has raised $... | economicti... |
| 11.01.2022 | India’s Refyne raises $82 million to help workers get faster... | Refyne has raised a new financing round, just seven months after securing its previous funding, as t... | techcrunch... |
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| 22.06.2021 | Can Startups Help India’s Poorest Escape Loan Sharks? | The Delta variant of the Covid-19 virus has left a trail of human tragedy and economic destruction i... | forbes.com... |
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