Fintech

The platform enables employees to withdraw their earned salary in real time before the payment is due, thus reducing debt traps by providing instant access to earned salary. The Earned Wage Access (EWA) solution provider said the since its inception (December 2020), it has raised a total of $106 million.

The platform enables employees to withdraw their earned salary in real time before the payment is due, thus reducing debt traps by providing instant access to earned salary.

The new capital brings the company's total funding to date to Rs 630 crore and will be used to invest in product development and furthering its international expansion as it furthers its mission to help billions of people unlock online services and experience upward mobility.

With fresh funds, Khatabook will focus on financial services disbursement through its software ecosystem, catering to 10 million monthly active MSMEs. The company said that it plans to accelerate hiring to strengthen its engineering, product, design, analytics, and data science capabilities. The first phase of our journey was enabling digital transformation by building a tech ecosystem for Indian MSMEs.

slice has raised this amount from existing investors Gunosy, Blume Ventures among others. "The banking industry in India has always viewed credit cards as a loan product rather than a high frequency payment instrument. Therefore, banks' main focus is to optimise the fees related to credit cards and there are portfolio teams to increase the loan book," Rajan Bajaj, Founder & CEO, slice, said in a statement.

With this latest funding, the US and Delhi-based Sentieo has now secured $62 million in total capital. Currently, Sentieo employs 175 people, with more than 120 at its office in New Delhi. "With the incredible adoption of the Sentieo platform it is clear we are experiencing a massive shift in how financial and corporate research is executed," said David Lichtblau, CEO of Sentieo.