Refyne - About the company
Refyne is a series B company based in Bengaluru (India), founded in 2020 by Chitresh Kumar Sharma. It operates as a Provider of earned wage access and financial wellness solutions. Refyne has raised $106M in funding from Tiger Global Management and XYZ Venture Capital, with a current valuation of $*****. The company has 8 active competitors, including 5 funded and 1 that has exited. Its top competitors include companies like Clair, Jify and Kaarva.
Company Details
Provider of earned wage access and financial wellness solutions. The platform offers employees access to their earned wages before payday, along with financial literacy resources and tools to manage financial well-being. The platform integrates with existing HR systems, enabling seamless access for employees and streamlined payroll processes for employers. It also provides access to various financial tools for better financial behavior and inculcates positive habits such as savings. The platform prioritizes data security and privacy, adhering to relevant regulations and employing robust security measures.
- Website
- www.refyne.co.in/
- Social
- Email ID
- *****@refyne.co.in, *****@refyne.co.in
- Phone Number
- +91 **********
Key Metrics
Founded Year
2020
Location
Bengaluru, India
Stage
Series B
Total Funding
$106M in 4 rounds
Latest Funding Round
Post Money Valuation
$***** as on Aug 24, 2024
Investors
Ranked
2nd among 8 active competitors
Employee Count
149 as on Apr 30, 2025
Investment & Acquisitions
Legal entities associated with Refyne
Refyne is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
REFYNE HOLDINGS, INC. CIN: 3457589 , United States, Active | Aug 16, 2020 | - | - | - |
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Refyne's funding and investors
Refyne has raised a total funding of $106M over 4 rounds. Its first funding round was on Dec 2020. Its latest funding round was a Venture Debt round on Jun 11, 2025 for $*****. 1 investor participated in its latest round. Refyne has 12 institutional investors.
Here is the list of recent funding rounds of Refyne:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 11, 2025 | 6076537 | Venture Debt | 3322646 | 2359093 | 7070148 | 9639682 |
Dec 22, 2021 | 4293346 | Series B | 8646720 | 8225730 | 3808543 | |
Jun 08, 2021 | 1200282 | Series A | 8664619 | 3300018 | 4238572 |
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Refyne's founders and board of directors
Founder? Claim ProfileThe founders of Refyne is Chitresh Kumar Sharma. Chitresh Kumar Sharma is the CEO of Refyne.
Here are the details of Refyne's key team members:
- Chitresh Kumar Sharma: Co-Founder & CEO of Refyne and founder of 2 other companies, Swipii and Swipii. They serve on the boards of 2 companies.Contact Info: 1 email address and 2 phone numbers
Refyne's Board of Directors
Refyne's board has 3 active members. Chitresh Kumar Sharma, Jasman Singh Chadha and Apoorv Kumar are part of team.Here is the list of Refyne's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 6y 0m | |
Team | - | Current | 4y 2m | |
Team | - | Current | 5y 8m |
View details of Refyne's Founder profiles and Board Members
Refyne's employee count trend
Refyne has 149 employees as of Apr 25. The total employee count is 1.0% more than what it was in Apr 24. Here is Refyne's employee count trend over the years:
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Refyne's Competitors and alternates
Top competitors of Refyne include Clair, Jify and Kaarva. Here is the list of Top 10 competitors of Refyne, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Clair 2019, New York City (United States), Series B | Cloud-based employee benefits platform for on-demand pay | $67.7M | 71/100 | |
2nd | Provider of earned wage access and financial wellness solutions | $106M | 55/100 | ||
3rd | Provider of on-demand salary, money management, and financial wellness solutions | $11.8M | 51/100 | ||
4th | Flexible salary platform that empowers employees to access a portion of earned salaries | $725K | 34/100 | ||
5th | Cloud based platform for employee financial benefits | $323K | 29/100 | ||
6th | Provider of on demand salary benefits platform for employees | $140K | 28/100 | ||
7th | Daily Salary 2020, Gurugram (India), Deadpooled | Cloud-based employee salary management application | $213K | 25/100 | |
8th | Financial wellness company offering on demand pay solutions for employees | - | - | 23/100 | |
9th | On-demand early salary benefits solutions provider for employees | - | - | 22/100 | |
10th | Provider of platforms for accessing earned wages before scheduled paydays | - | - | 16/100 |
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Refyne's Investments and acquisitions
Refyne has a total of 1 investment in BluWheelz. Refyne has not made any acquisitions as of now.Reports related to Refyne
Here is the latest report on Refyne's sector:
News related to Refyne
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QED invests $150 million in India in a yearMint•Feb 28, 2022•QED Investors, OneScore, Refyne, UpswingClassroom
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Earned wage access platform Refyne raises $82 million in Series B round led by Tiger GlobalMoneycontrol•Jan 12, 2022•Refyne, Tiger Global Management, QED Investors, DST Global and 5 others
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Personnel management platform "Refyne" received US$16 million in Series A financing36Kr•Jun 10, 2021•Refyne, RTP Global, DST Global
•
Refyne Raises $16 Mn To Help Employees Get Earned Salary In Real-TimeInc42•Jun 09, 2021•Refyne, DST Global, RTP Global, QED Investors and 2 others
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