Refyne builds an earned wage access platform that connects with employers so employees can see how much they have earned and withdraw a portion anytime. The platform supports 12 languages and is compatible with any HRMS and ERP, serving both white- and blue-collar workforces across multiple sectors. More than 150 firms — including Practo, TeamLease, Tenon, Shadowfax, Rebel Foods, Acko, BlackBuck, Arti Group and Cafe Coffee Day — use Refyne, covering over 700,000 employees. The company says the service has a significant impact on retention and helps employers hire faster; it tailors deployment strategies by sector (on-ground orientation for manufacturing, Zoom for distributed workforces). Refyne is one-and-a-half years old, aims to serve 3 million workers by the end of the year, is hiring across roles, and is building data sets to better evaluate creditworthiness and distinguish its product from credit offerings like payday loans. Refyne is a Bangalore-based, one-year-old startup that provides earned wage access software to employers. Its plug-and-play platform lets employees check how much they have earned and withdraw a fraction of it anytime, aiming to reduce reliance on payday loans and predatory microcredit. The product targets employers of all sizes and is positioned to serve both blue-collar and white-collar workforces. More than 100 companies use Refyne’s platform, serving over 300,000 employees; clients include Rebel Foods, Cafe Coffee Day, Hira Group and Chai Point. Refyne recently raised $20.1M in financing (a $16M Series A and a $4.1M seed) and plans to deploy the capital to expand its technology team and accelerate growth. By the end of the current financial year the company aims to serve 1 million workers in India.

Total raised

$98M

Funding rounds

2

Latest round

Series B

Latest activity

Jan 2022