FinTech Startup EarlySalary Raises $1.5 Million In Seed Funding

Company Name : EarlySalary
Funding Amount : $1.5 million
Investor(s) Ashok Agarwal . .
Funding Round : Seed round

Founded by a 3-member team; Akshay Mehrotra, Ashish Goyal, & Jay Jain, EarlySalary has raised $1.5 million seed capital from Ashok Agarwal of Transcorp Group.

The raised funds will be used towards building a mobile app-based lending platform.

Akshay Mehrotra, Co-Founder & CEO of the venture said, “We as a population are dominated by a strong middle class & young individuals. There have always been times of the month where we are left with empty pockets. Being broke at the end of the month is a common problem, and plans to help provide a small bridge loan to tide over that short difficult period till your salary reaches your account.”


Akshay further explained, “ moves away from conventional underwriting formulae of lending and looks more towards the e-Information of an individual to truly deliver an e-Commerce experience, instant approval followed by disbursement. We are confident will usher in a new way for the financial services business in the country powered by Social Media & strong Data Analytics.”

The company aims to introduce its mobile app-based lending platform in three months and with technology driven approach  hopes to solve the issues of transparency and make the process simple, quick and trustworthy.


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