Table of contents
The Company in 3 lines
- Refyne is a financial well-being and on-demand salary service that provides employees with Financial Training and Salary Top-Up services.
- EWA is a financial tool that enables employees to access a portion of their salary before payday. The concept is well-known in the United States, the United Kingdom, Singapore, and other countries.
- Users of Refyne can also receive Financial Coaching with one-on-one exposure to Sebi-certified advisers or CFPs in about 11 languages.
Website: Click here
Business Model: B2B2C
Founding Year: 2020
Number of Employees: 101-150
Core Team Members: Apoorv Kumar, Chitresh Sharma
Revenue Streams: Early Withdrawal, Transaction Charge
Target Market: All Sectors with Payroll Facilities
Chitresh Sharma and Apoorv Kumar founded Refyne, an EWA platform based in 2020. It claims to be India's first EWA platform, assisting companies in integrating EWA into their payroll and HR administration systems.
It has plug-and-play software aimed at employers of all sizes. The platform has proven to be beneficial for both blue-collar and white-collar workers. Over 100+ companies in India currently use Refyne, serving 300,000 employees.
Employers who have worked with Refyne have noticed a significant increase in retention and a doubling of their hiring rate since the company's inception.