VC Fund Investments
HR Tech startup Refyne raises $16-M from DST Global, RTP Global, others
Bangalore-based Refyne, a wage access solution provider, has raised USD 16 million (INR 116.7 crore) from DST Global, RTP Global and others. Existing investors, including QED Investors, Jigsaw VC and XYZ Capital also joined the Series A funding round. The company had raised USD 4.1 million in December last year. Refyne partners with organisations to provide plug-and-play software that allows the latter's employees to access their real-time earned salary. This helps employees access funds from their own salary without turning to money lenders or seeking loans. Employees using the facility pay a fee for the service.
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