India, June 11 -- Fintech soonicorn Refyne, a platform which helps employees draw their salaries on demand, has secured INR 35 Cr (around $4 Mn) debt from Stride Ventures.

The board of Refyne passed a resolution on May 15 to allot 3,500 Series A debentures at an issue price of INR 1 Lakh each to raise the aforesaid amount, as per the startup's MCA filing accessed by Inc42.

In the filing, the Bengaluru-based startup said it will use the fresh capital to meet its working capital requirements and general corporate purposes.

Inc42's queries sent to Refyne did not elicit any response till the time of publishing the story.

Refyne's Salary On-Demand Offering

Founded in 2020 by Chitresh Sharma and Apoorv Kumar, Refyne is an earned wage acces...