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Today: Jun 14, 2024

SalarySe secures $5.25M in funding for its fintech app | Kolkata Update

1 min read

TLDR: Fintech startup SalarySe has raised $5.25 million in seed funding to develop its financial management application, which uses the Credit-on-UPI system to assist salaried employees. The funding round was led by Surge, Peak XV’s rapid scale-up program, and Pravega Ventures. The company aims to help more than 100 million salaried employees in India by providing tools to help them spend, save, invest, and plan their salaries effectively. Less than 4% of Indians have access to a credit card, making India’s revolving credit market one of the least penetrated among major economies.