On-Demand Salary Startup Refyne Bags INR 35 Cr Debt

The board of Refyne has passed a resolution to allot 3,500 Series A debentures at an issue price of INR 1 Lakh each to raise the sum

Founded in 2020, Refyne is an earned wage access (EWA) platform, which enables employees to access their earned salaries on-demand

The Tiger Global-backed startup reported a standalone net loss of INR 33.9 Cr on an operating revenue of INR 49 Cr in FY24

Fintech soonicorn Refyne, a platform which helps employees draw their salaries on demand, has secured INR 35 Cr (around $4 Mn) debt…