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Overview
Refyne offers a financial wellness platform in India that lets employees access a portion of their earned salary before payday. The service plugs into a company's existing HRMS or rewards tools, so it can be offered without affecting payroll cash flow. It also provides financial education, coverage plans, and small-amount gold savings options to help employees manage finances. Employers pay a service fee, and Refyne emphasizes security and compliance with ISO 27001 and Indian labor laws to reduce financial stress, boost productivity, and lower turnover.
About Refyne
Industries
Enterprise Software
Fintech
Financial Services
Company Size
201-500
Company Stage
Debt Financing
Total Funding
$106.1M
Headquarters
Bengaluru, India
Founded
2021
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Simplify's Take
What believers are saying
- Moneycontrol reported Refyne seeking $50 million at $1 billion valuation on September 22, 2026.
- FY24 operating revenue rose 59% to ₹49 crore, while net loss fell 27%.
- A 2.5-3 million-user base creates cross-sell upside for broking and wealth products.
What critics are saying
- Earned wage access commoditizes fast; Tracxn lists Clair, Jify, Kaarva, and Refyne.
- September 2026 fundraising for broking distracts management and risks expensive consumer-product execution.
- Acuite rated Refyne BBB+ in March 2026; ₹680 crore liabilities demand constant refinancing.
What makes Refyne unique
- Refyne claims Asia’s largest financial wellness suite, spanning salary access, gold savings, and coaching.
- September 2026 site says integrations launch within 3-10 days, reducing employer implementation friction.
- Moneycontrol reported 2.5-3 million users and 150 employer partnerships by September 2026.
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Funding
Total Funding
$106.1M
Above
Industry Average
Funded Over
4 Rounds
Tiger GlobalBenefits
Flexible Work Hours
Remote Work Options
Growth & Insights and Company News
6 month growth
↓ -3%1 year growth
↓ -2%2 year growth
↓ -4%Refyne, an earned wage access platform, has secured ₹35 crore ($4 million) in debt from Stride Ventures by issuing 3,500 Series A debentures at ₹1 lakh each. The funds will be used for working capital and corporate purposes. Despite a net loss of ₹33.9 crore in FY24, down 27% from the previous year, Refyne's operating revenue increased by 59% to ₹49 crore. The startup has raised over $102 million in total funding, with Tiger Global as a key backer.
Fintech soonicorn Refyne, a platform which helps employees draw their salaries on demand, has secured INR 35 Cr (around $4 Mn) debt from Stride Ventures.
Swiggy, which receives over 1.5 lakh loan applications monthly, has partnered with Betterplace and Refyne to enable loans.
Bangalore, September 28, 2022: - Refyne, India’s leading financial wellness and Salary On-Demand provider has launched two new solutions, Financial Coaching and Salary Top Up for employees.
Back in 2017, when Rohit Rathi was looking for a house near his new office and negotiating the security deposit, he was surprised at the readiness with which the landlord lowered his ask after learning that Sachin Tendulkar had invested in his previous startup. Rohit pondered the incident for a while, and then came to the conclusion that trust networks were essential for humans to navigate society. If bank X gave you a loan, bank Y was likely to give you one too
Refyne is Hiring for 10 Jobs on Simplify!
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About Refyne
Industries
Enterprise Software
Fintech
Financial Services
Company Size
201-500
Company Stage
Debt Financing
Total Funding
$106.1M
Headquarters
Bengaluru, India
Founded
2021
Refyne is Hiring for 10 Jobs on Simplify!
Find jobs on Simplify and start your career today