Friday, May 12, 2017

EarlySalary raised $4 million funding

Fintech startup EarlySalary has raised $4 million funding from IDG Ventures India (IDGVI) and Dewan Housing Finance Corp Ltd (DHFL).

EarlySalary helps young working professionals get instant loans and salary advances.

Also read: Policybazaar set to raise Rs 400 crore in 6 weeks

The startup said, it will use the funds in building leverage on capital deployed for building products and lending book, expanding the team with people with machine learning skills and growing the customer base and providing 200,000 loans in this year.

CEO of EarlySalary Akshay Mehrotra said, We are very excited to have IDG Ventures India and DHFL as investors on board and this combination and capital will provide the necessary growth impetus and management depth needed to accelerate growth and the innovation process at EarlySalary.



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