Refyne, an Earned Wage Access (EWA) platform, has announced the closing of its US$ 82M Series B led by Tiger Global, with significant contribution coming in from existing international investors – QED Investors, partners of DST Global, Jigsaw VC, XYZ Capital, and RTP Global – and new investor Digital Horizon participating in the round.
Chitresh Sharma, CEO, and Co-Founder, Refyne, said, “We built Refyne on the notion that everyone should be able to manage their personal finances without the threat of falling into debt traps due to liquidity shortfalls between pay cycles. The support and confidence that global investors such as Tiger Global have shown us is a testament to our mission.”
Refyne is an EWA solution for organizations and integrates seamlessly with any existing Human Resource Management System and Enterprise Resource Planning service. The company has also developed a proprietary Vendor Management System & Attendance Manage System that allows large enterprises to seamlessly scale EWA for their on-roll and off-roll employees.
The funds will be used for product development, expansion of the team, and to ramp up various business functions.
Announcement: Refyne Secures $82M for Earned Wage Access