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Salaryse Secures $5 Million In Seed Funding From Peak Xv Surge, Pravega

Jan 09, 2024•almost 2 years ago

Amount Raised

$5 Million

GurugramFinancial Services

Description

Gurugram-based fintech startup SalarySe has raised $5 million in its first institutional funding round from Peak XV’s seed fund Surge and Pravega Ventures.The startup was founded in the middle of 2023 by IIT graduates Piyush Bagaria and Saumeet Nanda along with Mohit Gorisariya, a chartered accountant. It is building a technology platform to offer credit on digital payment railroad Unified Payments Interface (UPI).

Company Information

Company

SalarySe

Location

Gurugram, Haryana, India

About

Eventually, the company will build a virtual co-branded credit card on the app as well. The startup is working with one public sector and one private sector lender to take this product live in the next few months. StoriesThe startup is targeting three types of companies: tech services across IT firms, BPO firms and others, manufacturing entities in small towns, industrial townships and finally companies with a large field force like FMCG companies.

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