Refyne Tech Private
Latest round
- Series B
Last raised
- Jan 2022
Total raised
- $102M
Investors
- 7
About Refyne Tech Private
Founded in 2020 in Bangalore, India, Refyne Tech Private Limited offers financial wellness services aimed at improving employee financial health. The company has recently pivoted to enhance its offerings, including a focus on Salary On-Demand solutions. Chitresh Sharma, co-founder and CEO, has been pivotal in guiding the company's strategic direction.Refyne offers a comprehensive financial wellness suite designed to enhance the financial health of employees in India. At its core, the suite includes the Salary On-Demand feature, which allows employees to access a portion of their earned salary before the official payday, addressing common financial challenges such as mid-month cash shortages and unexpected expenses. The platform further extends to educational resources aimed at improving personal finance literacy through tools like Money Guru, which simplifies complex financial concepts. Additionally, Refyne provides short-term loan options after eligibility checks and a proprietary employee purchase program, the Refyne Privilege Club, which offers discounts on select products.Refyne generates revenue through a transaction-based model integrated within its financial wellness offerings. The Salary On-Demand service incurs a small convenience fee based on the amount accessed, while larger loans may involve additional handling and documentation charges. The repayment process for short-term withdrawals is automated, with deductions directly reflected in the payroll of participating organizations, ensuring transparency for both employers and employees. This B2B model enhances employee retention and satisfaction while providing employers with a seamless integration experience into their existing HRMS systems. The company aims to develop additional products and increase awareness of its services while hiring more personnel to support its current team of 85 employees. The expansion strategy includes targeting various Asian markets, with specific timelines for operational growth remaining to be outlined.
Who invested in Refyne Tech Private
7 investors across 3 rounds
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Questions about Refyne Tech Private
Who invested in Refyne Tech Private?
Refyne Tech Private has 7 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Refyne Tech Private raised?
Refyne Tech Private has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Refyne Tech Private last raise money?
Refyne Tech Private's most recent round on record is a Series B, in Jan 2022.
What does Refyne Tech Private do?
Founded in 2020 in Bangalore, India, Refyne Tech Private Limited offers financial wellness services aimed at improving employee financial health.
Where is Refyne Tech Private headquartered?
Refyne Tech Private is headquartered in Bangalore, India.
Which VCs invest in companies like Refyne Tech Private?
Among active investors with capital left to deploy, ICBC Capital Management, China Life Capital, GoHigh Capital and ABQH Shenzhen Investment Fund Management back financial services companies at Refyne Tech Private's stage. Their profiles are linked below.
VCs backing financial services startups at Series B
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