About Refyne
Refyne is a Technology company based in Bengaluru (India) founded in 2020 by Apoorv Kumar and Chitresh Sharma. Provider of earned wage access and financial wellness solutions. It operates in the Technology and Financial Services sectors. Refyne has raised $102.1 million across 4 funding rounds from investors including RTP Global, Tiger Global and QED Investors. Its chief executive, as recorded, is Chitresh Sharma. Its website refyne.co.in draws about 66 thousand monthly visits. Refyne offers products and services including Refyne App, Salary On-Demand, MoneyGuru, and Refyne Privilege Club. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include Jify, Kaarva and Myfinfi; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Founders Apoorv Kumar, Chitresh Sharma
- SectorsTechnologyFinancial Services
- Website category Finance · Investing
- Email••••••••
- Phone•••• ••••
- Website refyne.co.in
- Social LinkedIn X Facebook Instagram
- Total Equity Funding$102.1M (USD)
in 4 rounds
- Latest Funding Round$4M (USD), Debt – Venture
Jun 2025
- InvestorsRTP Global
& 7 more
Associated legal entities of Refyne
Refyne is associated with 5 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Refyne Finance Private Limited CIN U65929KA2021PTC143815 | Active | 04 Feb 2021 | Bangalore, Karnataka | ₹2.3 Cr | 4 | 4 | View details |
| Olety Finance Private Limited CIN U85110KA1996PTC019734 | Active | 02 Feb 1996 | Bangalore, Karnataka | ₹0.2 Cr | 4 | View details | |
| Refyne Labs Private Limited CIN U74999KA2020PTC134079 | Strike Off | 08 May 2020 | Bangalore, Karnataka | 2 | View details | ||
| Refyne Tech Private Limited CIN U72900KA2020FTC138900 | Active | 22 Sep 2020 | Bangalore, Karnataka, India | View details | |||
| Refyne Tech Private Limited CIN U72900TN2020FTC179838 | Active | 22 Sep 2020 | Chennai, Tamil Nadu | ₹88.9 Cr | 153 | 2 | View details |
Products & Services of Refyne
Refyne offers a comprehensive portfolio of products and services, including Refyne App, Salary On-Demand, MoneyGuru, and Refyne Privilege Club.
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.
Apps and channels of Refyne
Refyne publishes 2 mobile apps with over 1M+ downloads.
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 $102.1M
- Total Rounds 4
- Last Round Debt – Venture — $4M
- First Round $4.1M
(Dec 2020)
- Investors Count 8
All 4 funding rounds of Refyne with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2025 | $4M | Debt – Venture | – | – | |
| Dec 2021 | $82M | Series B | – | Tiger Global Management | |
| Jun 2021 | $16M | Series A | – | – | |
| Dec 2020 | $4.1M | Seed | – | XYZ Venture Capital |
8 investors in total: 8 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture and private equity investments are managed with global diversification. | tigerglobal.com | New York, United States | ||
Venture capital fund investing in early-stage start-ups | qedinvestors.com | Alexandria, United States | ||
Investments in early-stage companies are managed by XYZ Venture Capital. | xyz.vc | San Francisco, United States | ||
Venture capital firm focused on early-stage technology companies | 2011 | rtp.vc | New York, United States | |
Venture capital investment firm | dst-global.com | Menlo Park, United States | ||
Venture capital firm focused on fintech, edtech, and SaaS sectors | digitalhorizon.com | London, United Kingdom | ||
Venture debt is provided to growth-stage companies for business scaling. | strideventures.global | Delhi, India | ||
Venture capital investments are facilitated from London, United Kingdom. | jigsaw.vc | London, United Kingdom |
Investor details for Refyne
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Refyne
The boards of the 4 registered companies of Refyne currently have 9 directors; the longest-serving is Olety Venkataram Santoshkumar, appointed in 1996. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Olety Venkataram Santoshkumar DIN 01910989 | Managing Director | 02 Feb 1996 | 30 yrs 9 mo | Olety Finance Private Limited |
| Arathi Santosh DIN 01910969 | Whole-time director | 02 Feb 1996 | 30 yrs 9 mo | Olety Finance Private Limited |
| Kumaran Sampath DIN 08165383 | Director | 06 Jul 2018 | 8 yrs 4 mo | Olety Finance Private Limited |
| Chitresh Sharma DIN 08740421 | Director | 08 May 2020 | 6 yrs 6 mo | Refyne Labs Private Limited, Refyne Finance Private Limited, Refyne Tech Private Limited |
| Neelam Kumari DIN 08740422 | Director | 08 May 2020 | 6 yrs 6 mo | Refyne Labs Private Limited |
| Apoorv Kumar DIN 09054364 | Director | 04 Feb 2021 | 5 yrs 9 mo | Refyne Finance Private Limited, Refyne Tech Private Limited |
| Naresh Vatwani DIN 09722113 | Director | 31 Aug 2022 | 4 yrs 2 mo | Refyne Finance Private Limited |
| Deepak Mohan Ahuja DIN 09733986 | Director | 12 Sep 2022 | 4 yrs 2 mo | Refyne Finance Private Limited |
| Anandkumar Ostwal DIN 02836765 | Additional Director | 18 Mar 2025 | 1 yr 7 mo | Olety Finance Private Limited |
People of Refyne
63 people are tracked at Refyne (17 in leadership, 4 in board & advisors, 42 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CTO | Leadership | |
| Co-Founder & CEO | Leadership | |
Vivek Singhal Agarwal | DVP & Business Head South | Leadership |
Shiva M | Associate Director - Product Marketing | Leadership |
Deepak | Chief Of Staff | Leadership |
prem.karthik | AVP & Regional Head | Leadership |
Nadir Khan | Associate Director-growth | Leadership |
Shreyas Navada | Vice President Of Technology | Leadership |
Atul Rai | Founder's Office | Leadership |
Harendra Singh Rathore | General Manager Customer Experience | Leadership |
Namrata Aurora | Associate Director Enterprise Sales | Leadership |
Vineet M. | Head Of Information Security And Privacy (ciso & Dpo) | Leadership |
Anurag Tripathy | Chief Growth Officer/managing Director | Leadership |
Sonia Gupta | Director - Enterprise Partnerships | Leadership |
Sudhakar Kamath | VP, Enterprise Partnerships - South & East | Leadership |
Gaurav. R | Chanel Partner | Leadership |
Archana Mukhia | Deputy General Manager - People & Culture | Leadership |
Bobby Mehta | Advisor | Board & advisors |
Susir Kumar | Advisor | Board & advisors |
Bala Swaminathan | Advisor | Board & advisors |
43 more people are available in the full profile.
Complete people profiles for Refyne
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Refyne
Figures of Olety Finance Private Limited, the primary company behind Refyne, for FY 2024. Revenue was ₹24.2 Lakh (-49% year on year). Net profit was ₹14,000 (1% margin). EBITDA was ₹4.2 Lakh (17% margin). Revenue has grown at a compounded annual rate of -16% over three years and -5% over five years.
- ₹24.2 LakhRevenue · FY 2024 · -49% YoY
- ₹14,000Net profit · 1% margin
- ₹4.2 LakhEBITDA · 17% margin
- ₹5.00 CrPaid-up capital
- -16%Revenue CAGR, 3 years
- -5%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Olety Finance Private Limited are on its company page.
Detailed financial statements for Refyne
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Refyne
3 dated milestones of Refyne across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Refyne is founded.
- Funding First funding round of $4.1M.
- Funding Latest funding round, Debt – Venture, of $4.0M.
Competitors of Refyne
Refyne has 3 listed competitors in our database, 3 of them funded. They include Jify, Kaarva and Myfinfi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| jify.co | 2021 | Mumbai, India | $11.43M | 89 | Online financial management and on demand salary solutions for employees | |
| kaarva.com | 2018 | Bengaluru, India | $539,266 | Earned salaries are accessed by employees through a flexible platform. | ||
| myfinfi.com | 2022 | Mumbai, India | $269,885 | Employee financial benefits are delivered via a cloud-based platform. |
Detailed competitors of Refyne
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Refyne
The website of Refyne (refyne.co.in) receives about 65.7K visits a month and ranks #510,821 among all websites worldwide, #5,169 in Investing.
- Monthly visits65.7K
▲ 102% vs previous month
- Unique visitors20.6K
per month
- Global rank#510,821
among all websites
- Category rank#5,169
Finance · Investing
- Bounce rate37%
- Pages per visit8.5
- Average visit3 min 59 sec
- DevicesDesktop 13% · Mobile 87%
Websites whose visitors overlap most with Refyne. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bwdisrupt.com | 100% | #774,387 | View details | ||
manufacturingtodayindia.com | manufacturingtodayindia.com | 100% | #476,102 | – | |
| marketsmojo.com | 100% | 834.5K | #72,195 | View details | |
lendplus.in | lendplus.in | 76% | #368,979 | – | |
trustpaisa.com | trustpaisa.com | 70% | #197,006 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Refyne
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 6 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Refyne
Complete news archive for Refyne
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Refyne
Refyne was founded in 2020.
Refyne is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Chitresh Sharma is the CEO of Refyne, as recorded in our data. They have also founded this 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 Seed of $4.1M, raised on Dec 2020.
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.
Refyne offers Refyne App, Salary On-Demand, MoneyGuru, and Refyne Privilege Club.
Refyne has 8 investors. Key investors include RTP Global, Tiger Global, QED Investors, XYZ Venture Capital, and Jigsaw VC.
Refyne is associated with 4 legal entities: Refyne Labs Private Limited, Olety Finance Private Limited, Refyne Finance Private Limited and others.
The legal entities of Refyne currently have 9 directors, including Chitresh Sharma, Neelam Kumari, Kumaran Sampath and others.
Yes. Refyne publishes Refyne and 1 more app, with over 1 million downloads.