About Refyne
Refyne is a company based in Bengaluru (India) founded in 2020 by Apoorv Kumar and Chitresh Sharma.. Refyne has raised $102.1 million across 4 funding rounds from investors including RTP Global, Tiger Global and QED Investors. Refyne offers products and services including Refyne App, Salary On-Demand, MoneyGuru, and Refyne Privilege Club. Refyne operates in a competitive market with competitors including Clair, Jify, Kaarva, Myfinfi and Daily Salary, among others.
- Headquarter Bengaluru, India
- Founders Apoorv Kumar, Chitresh Sharma
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Sectors
TechnologyFinancial Services
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$102.1 M (USD)
in 4 rounds
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Latest Funding Round
$4 M (USD), Debt – Venture
Jun 11, 2025
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Investors
RTP Global
& 7 more
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Employee Count
Employee Count
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Products & Services of Refyne
Refyne offers a comprehensive portfolio of products and services, including Refyne App, Salary On-Demand, MoneyGuru, and Refyne Privilege Club. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mobile app for early salary access and financial tools.
Service for interest-free early salary withdrawal.
Platform for learning personal finance concepts simply.
Program offering discounts on purchases for employees.
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Funding Insights of Refyne
Refyne has successfully raised a total of $102.1M across 4 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $4 million completed in June 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Debt – Venture — $4.0M
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First Round
First Round
(01 Dec 2020)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Debt – Venture - Refyne | Valuation |
investors |
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| Dec, 2021 | Amount | Series B - Refyne | Valuation | Tiger Global Management | |
| Jun, 2021 | Amount | Series A - Refyne | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Refyne
Refyne has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include RTP Global, Tiger Global and QED Investors. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Venture capital fund investing in early-stage start-ups
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Founded Year | Domain | Location | |
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Investments in early-stage companies are managed by XYZ Venture Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Refyne
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Refyne
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Refyne Comparisons
Competitors of Refyne
Refyne operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Clair, Jify, Kaarva, Myfinfi and Daily Salary, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Embedded Earned Wage Access solutions are provided for HR platforms.
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| domain | founded_year | HQ Location |
Online financial management and on demand salary solutions for employees
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| domain | founded_year | HQ Location |
Earned salaries are accessed by employees through a flexible platform.
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| domain | founded_year | HQ Location |
Employee financial benefits are delivered via a cloud-based platform.
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| domain | founded_year | HQ Location |
A cloud-based application for managing employee salaries efficiently.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Refyne
Frequently Asked Questions about Refyne
When was Refyne founded?
Refyne was founded in 2020.
Where is Refyne located?
Refyne is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Refyne?
Chitresh Sharma is the current CEO of Refyne. They have also founded this company.
Is Refyne a funded company?
Refyne is a funded company, having raised a total of $102.1M across 4 funding rounds to date. The company's 1st funding round was a Series A of $16M, raised on Dec 01, 2020.
What does Refyne do?
Refyne was founded in 2020 in Bengaluru, India, as a fintech provider focused on earned wage access and financial wellness. Employees are granted access to earned wages prior to payday through a platform that integrates with HR and payroll systems. Financial literacy resources, savings tools, and habit-building features are offered to support better financial management. Data security and privacy are maintained in compliance with regulations.
What products or services does Refyne offer?
Refyne offers Refyne App, Salary On-Demand, MoneyGuru, and Refyne Privilege Club.
Who are Refyne's investors?
Refyne has 8 investors. Key investors include RTP Global, Tiger Global, QED Investors, XYZ Venture Capital, and Jigsaw VC.
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