SalarySe provides financial tools centered around salary access and wealth management. Users can access up to 80% of their salary instantly and earn high returns on fixed deposits. The platform also offers a UPI credit card feature with assured rewards on payments.
Funding
$5.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
SFounders
Product
Problem
Salaried employees often face cash flow challenges between paychecks, especially those who are not well-served by traditional banking systems. Accessing credit for immediate needs can be difficult and time-consuming, requiring extensive paperwork and approvals.
Solution
SalarySe provides a comprehensive financial platform designed for salaried individuals, offering instant access to credit and various financial tools through a seamless digital interface. The platform enables users to make secure UPI payments, access instant personal loans, invest in fixed deposits with high-interest rates, and avail exclusive gift card deals. SalarySe integrates with HR management software to tap into salary data, offering credit lines and virtual co-branded credit cards, and partners with banks to provide credit on UPI. The platform also promotes financial literacy through easy-to-understand modules on budgeting, saving, and investing.
Target Audience
SalarySe primarily targets salaried employees, particularly those in mid-tier companies and tier 2/3 cities, who are underserved by traditional banks and seek convenient access to credit and financial services.
Features
- Secure UPI payments via an NPCI-approved system with reward points (Scoins) for every transaction
- Instant personal loans up to ₹5 lakh with fast approval and competitive interest rates
- Up Credit Card offering 10X rewards on UPI spends, redeemable for gift cards or cash
- InstaCash feature providing access to up to 50% of earned salary within 2 seconds
- Fixed deposit investments with up to 9.1% interest rates, DICGC-insured, starting from ₹500
- Exclusive gift card deals offering up to 60% discounts on top brands
- Financial literacy hub with modules on budgeting, saving, and investing
- SIM binding and biometric/PIN authentication for enhanced security
- Integration with HR management software for streamlined access to salary data