Rupyo
Earned wage access platform for employee financial wellness.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
N/A | - | ||
| Total Funding | 000k | ||
Rupyo, legally known as Jay Kay Financial Technologies Private Limited, is a financial technology company founded in 2020 by Shivin Khanna and Pragun Jindal. Based in Delhi, India, the company operates in the financial software sector, providing an Earned Wage Access (EWA) platform. This service is designed to enhance the financial wellness of the Indian workforce by allowing employees of partner companies to access a portion of their accrued salary in real-time, before the scheduled payday.
The company's business model is B2B2C, where it partners with organizations to offer its platform as an employee benefit. The service enables employees to track their earned pay and request funds directly to their bank accounts, with the disbursed amount being deducted from their next payroll. This approach aims to provide employees with greater financial security and independence, helping them manage unexpected expenses without resorting to high-cost loans. The platform is available as a mobile application on both Android and iOS devices.
Rupyo has secured a total of $145K in funding through a seed round on December 13, 2021. The round was led by Satin Creditcare, with participation from Huddle Ventures. As of December 2021, the company's valuation was ₹8.22Cr.
Keywords: earned wage access, EWA, financial wellness, fintech, salary on-demand, employee benefits, payroll services, financial technology, early salary access, real-time pay, financial security, B2B2C finance, mobile finance app, employee payroll, corporate wellness