India based earned wage access startup raised $16m in Series A funding led by RTP Global.
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Refyne raises $20.1m to help workers in India get faster access to wages
“An employee should have the option to access their own earnings at any time,” he told TechCrunch in an interview. “When faced with a mid-month liquidity crunch, the apparent options for employees to access quick cash include payday loans or micro-credit schemes. However, these instruments often carry predatory pricing, which further exacerbates employees’ debt obligations and mental wellness,” the startup said.
