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SalarySe Secures $5.2 Mn Seed Funding led by Surge Ventures

Co-founders of SalarySe

Salary Powered Fintech Platform, SalarySe secures $5.2 Mn Seed Funding, led by Surge Ventures, an early stage focused VC arm of Peak XV Partners, which invested nearly Rs 25 Crore while Pravega Ventures (via Vistra ITCL India) invested Rs 18.7 Crore.

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SalarySe also passed a separate resolution to create an employee stock option pool (ESOP) and reserved 1,875 equity shares worth Rs 12.5 crore or $1.5 million.

About SalarySe

Co-founded by Saumeet Nanda, Mohit Gorisariya, and Piyush Bagaria, SalarySe is a salary powered fintech platform that is redefining the landscape of financial services in India for the 10 Crore salaried individuals earning $300bn+ per year. SalarySe provides revolving credit on UPI by integrating with payroll systems of companies and uses a lien on salary for repayments as a lever to reduce credit risk.

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