Refyne
Refyne is an India-based B2B2C earned wage access and financial wellness platform that lets employees of partner corporate employers withdraw accrued salary on-demand, layered with lending, insurance, savings, and financial literacy products across 11 regional languages.
- Company typePrivate
- Founded2021
- HeadquartersBengaluru, India
- Headcount501–1,000
- GTM typeB2B
- OfferingSoftware
What Refyne does
Refyne is an India-headquartered, B2B2C earned wage access (EWA) and financial wellness platform that partners with corporate employers to give their workforce on-demand access to accrued but unpaid salary. Its flagship Salary On-Demand product enables employees to withdraw earned wages within 60 seconds, with zero interest, no credit-score requirement, and automatic deduction from the next payroll cycle. The platform is built on a cloud-native AWS-hosted stack with ISO 27001 and SOC 2 Type II certifications, integrates into employer HRMS/payroll systems, supports 11 Indian regional languages, and runs digital KYC, real-time fund transfer, and an AI-assisted financial literacy module called Money Guru.
The product suite has expanded well beyond core EWA into a three-pillar financial wellness architecture covering Liquidity (Salary On-Demand, prepaid Refyne Visa Card, Scan-and-Pay QR, and RuPay credit cards from IDFC FIRST and Scapia), Literacy (Money Guru 1:1 advisory with SEBI/CFP-certified advisors, Personal Finance Manager, and free calculators for credit score, PF, tax, home loan EMI, and retirement), and Savings & Protection (Gold Savings, Pocket Insurance, Salary Protect income cover, Savings Account, Refyne Score loyalty scoring, Privilege Club, and Rewards). Refyne operates as a licensed NBFC through its wholly-owned subsidiary Refyne Finance Private Limited and partners with external NBFCs (Sunita Finlease, Olety Finance, Junoon Capital Services) and banking/payment rails (ICICI Bank, RuPay/NPCI) to fund disbursements.
The revenue model is B2B2C: employers receive the platform at zero cost as an employee benefit, and Refyne earns slab-based convenience fees on each employee wage withdrawal transaction, supplemented by distribution economics on embedded lending, insurance, savings, and credit card products. Refyne has raised approximately $106M in equity across seed, Series A ($16-19M from RTP Global/DST Global), and Series B ($82M led by Tiger Global), plus ~$6.9M in venture debt from Stride Ventures in 2025, from investors including Tiger Global, QED Investors, DST Global, RTP Global, Jigsaw VC, XYZ Capital, and Digital Horizon. The company serves 700K+ active employees across 150+ corporate clients and 500+ organisations spanning 23 industries, with 8M+ addressable employee lives within its partner employer networks.
Refyne firmographics
Firmographics- Name
- Refyne
- Legal name
- Refyne
- Website
- https://refyne.co.in
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Refyne is an India-based B2B2C earned wage access and financial wellness platform that lets employees of partner corporate employers withdraw accrued salary on-demand, layered with lending, insurance, savings, and financial literacy products across 11 regional languages.
- Ownership category
- akta.pro rank
Refyne industry classification
Industry- Product category
- Earned Wage Access (Financial Wellness Platform)
- NAICS
- Payroll Services (541214), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Instant Payouts & Earned Wage Access (EWA) (FSAMAKAM)
- akta.pro secondary industries
- Embedded Payroll, Earned Wage Access & Benefits Finance (FSAGALAI), Pay Card Programs & Earned Wage Access (EWA) Administration (BPACAIAK)
Keywords
Where Refyne is headquartered
LocationHeadquarters
- HQ city
- Bengaluru
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Refyne business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Employee Transaction Convenience Fees: Refyne charges employees a slab-based convenience fee when they withdraw earned wages on-demand. Fees are calculated as a small percentage or flat amount per transaction, tiered by withdrawal amount. Employers bear zero cost for the platform, making adoption a zero-risk benefit. This model generates predictable per-transaction revenue that scales with employee usage frequency and wage withdrawal amounts.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Slab-based convenience fee per wage withdrawal |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels10 records
Refyne product offering
Product offeringCore offering
Refyne provides a B2B2C earned wage access (EWA) and financial wellness platform that lets employees of partner employers withdraw accrued wages before payday in under 60 seconds at zero interest, alongside a broader suite covering financial coaching, savings, micro-insurance, prepaid cards, and QR payments. Employers integrate Refyne with their HRMS/payroll systems at zero cost and offer the platform as an employee benefit, while Refyne earns revenue from slab-based convenience fees charged to employees on each withdrawal.
Product overview
Refyne is a unified B2B2C financial wellness platform positioned as Asia's largest financial wellness suite. The platform operates on a three-pillar architecture — Liquidity, Literacy, and Savings & Protection — with Salary On-Demand as the core earned wage access product enabling employees to withdraw accrued wages before payday. The Liquidity pillar includes Salary On-Demand, Refyne Card (prepaid Visa), and Scan and Pay. The Literacy pillar offers Money Guru (1-on-1 financial coaching with SEBI/CFP-certified advisors) and a Personal Finance Manager with free tools including Credit Score checks, PF Tracker, Tax Calculator, Home Loan EMI Calculator, and Retirement Calculator. The Savings & Protection pillar encompasses Gold Savings, Pocket Insurance, Salary Protect, and Savings Account. Additional offerings include Refyne Score (proprietary loyalty scoring), Refyne Privilege Club (employee purchase program with discounts), and Refyne Rewards (cashbacks and vouchers). The platform is accessible via mobile app (iOS, Android), WhatsApp, and web app, supporting 11 regional languages. Refyne operates as a licensed NBFC and Digital Lending Platform partnering with employer organizations through HRMS/payroll integrations.
Differentiator
Problem solved
Functional benefit
Brands
- Salary On-Demand: Core product allowing employees to access their earned wages before payday with no interest charges
- Money Guru
- Refyne Card
- Refyne Score
- Gold Savings
- Pocket Insurance
- Refyne Privilege Club
- Refyne Rewards
Products and services
- Salary On-Demand Refyne's flagship earned wage access product that lets employees withdraw a portion of their accrued salary before payday, with fund transfers completing in under 60 seconds, zero interest charges, automatic deduction from the next salary, and no credit score requirement. Targeted at employees of partner employers across India.
- Money Guru
Quantifiable outcome
- 480% quarter-over-quarter revenue growth in Q4 2021
- +3 more outcomes
Companies that use Refyne
Customer profileNamed customers12 records
Segments3 records
Ideal customer profiles3 records
Refyne technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Refyne partnerships and signals
Strategic signalScale indicators12 records
Recent moves6 records
Expansion highlights5 records
Refyne competitors and assessment
Company assessmentMarket position
Strengths4 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Refyne social profiles
Digital presenceRefyne compliance and trust
Trust signalCompliance5 records
Refyne financial estimates
Financial estimateRevenue estimate
Valuation estimate
Refyne leadership team
Management profileNumber of profiles
Profiles2 records
Refyne subsidiaries and ownership
Company hierarchySubsidiaries1 record
Refyne funding detail
Funding detailFunding overview
Funding rounds4 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Refyne M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Refyne
What does Refyne do?
Refyne provides a B2B2C earned wage access (EWA) and financial wellness platform that lets employees of partner employers withdraw accrued wages before payday in under 60 seconds at zero interest, alongside a broader suite covering financial coaching, savings, micro-insurance, prepaid cards, and QR payments. Employers integrate Refyne with their HRMS/payroll systems at zero cost and offer the platform as an employee benefit, while Refyne earns revenue from slab-based convenience fees charged to employees on each withdrawal.
Is Refyne a public or private company?
Refyne is a private company. It is classified as venture growth investor backed and is currently operating.
When was Refyne founded?
Refyne was founded in 2021. It employs 501 to 1,000 people.
Where is Refyne based?
Refyne is headquartered in Bengaluru, India, in the Asia region.
How does Refyne make money?
One revenue line is on record: employee Transaction Convenience Fees.
Does Refyne have an API?
No public API is recorded for Refyne.
What industry is Refyne in?
Refyne's product category is Earned Wage Access (Financial Wellness Platform). Its primary akta.pro industry code is FSAMAKAM, Instant Payouts & Earned Wage Access (EWA), with a secondary code of FSAGALAI, Embedded Payroll, Earned Wage Access & Benefits Finance. Its NAICS code is 541214 and its SIC code is 6199.