Total amount raised
₹437.1 Million
Latest funding date
1/1/2024
Location
SalarySe has successfully raised funding over two rounds, with the latest being a Series A round. The company is backed by notable investors, including Flourish Ventures and Peak XV Partners.
Keep reading to explore the intricacies of SalarySe's fundraising journey and the investors supporting this innovative platform.
What Is SalarySe?
SalarySe, based in Gurgaon, Haryana, India, operates in the financial services industry, specifically focusing on apps, finance, and payments. The company offers a Credit-on-UPI platform designed exclusively for salaried employees, providing products like credit cards, salary advances, and fixed deposits with high returns.
Founded in an unspecified year, SalarySe has a small team of 1-10 employees. The company aims to turn financial stress into strength by offering tailored financial products that help users build a secure financial future.
How Much Funding Has SalarySe Raised?
- Seed Round
- Amount Raised: $5.2 million
- Date: January 2024
- Lead Investors: Surge Ventures, Pravega Ventures
- Valuation at Round: $15 million
- Motivation Behind the Round: To develop the company's tech stack for a credit-on-UPI feature and drive product adoption in India.
- Series A Round
- Amount Raised: $11.3 million
- Date: October 2025
- Lead Investors: Flourish Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the growth and expansion of SalarySe's Credit-on-UPI platform for salaried employees.
Total Amount Raised: $16.5 million. Current Valuation: Not publicly disclosed.
Key Investors
- Flourish Ventures
- Details: Flourish Ventures is a global venture capital firm that invests in entrepreneurs whose innovations advance financial health and prosperity. They participated in the Series A funding round for SalarySe.
- Investment Focus Areas: Financial services, technology, social impact.
- Notable Investments: Chime, Aspiration, Grab.
- Surge Ventures (Peak XV Partners)
- Details: Surge Ventures is the early-stage venture capital arm of Peak XV Partners, focusing on high-growth potential startups. They led the seed funding round for SalarySe.
- Investment Focus Areas: Early-stage startups, technology, innovation.
- Notable Investments: Not publicly disclosed.
- Pravega Ventures
- Details: Pravega Ventures is a venture capital firm that invests in early-stage companies, particularly in technology-driven sectors. They participated in the seed funding round for SalarySe.
- Investment Focus Areas: Technology, finance, high-growth industries.
- Notable Investments: Not publicly disclosed.
What's Next for SalarySe?
SalarySe is poised to capitalize on a vast market of over 100 million salaried individuals in India. With its innovative credit-on-UPI platform, the company is well-positioned to drive significant adoption through strategic partnerships with HR SaaS partners, banks, and employers. This opportunity is immense, given the increasing acceptance of UPI among consumers and merchants.
Future fundraising seems promising as SalarySe continues to expand its product offerings and user base. The successful seed funding round and the establishment of an employee stock option pool (ESOP) indicate strong investor confidence and potential for additional rounds. These funds will be crucial for scaling operations and enhancing the technology stack.
However, SalarySe will need to navigate several challenges, including regulatory scrutiny on unsecured credit expansion and intense competition from other fintech platforms. Effective risk management and maintaining a balance between growth and financial stability will be essential for the company's sustained success.
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