Last deal

$65.14M
Local Amount - INR 5.47B

Amount

Series E

Stage

05.06.2024

Date

3

all rounds

$214.75M

Total amount

date founded

Financing round

General

About Company
EarlySalary is a mobile application that offers small loans to Indian users before they receive their monthly wages.

Industry

Sector :

Subsector :

founded date

01.01.2015

Number of employees

Company Type

For Profit

Last funding type

Series E

IPO status

Private

Description

The platform enables users to borrow between 1,000 INR and 100,000 INR with payback terms ranging from 7 to 50 days by submitting basic documents and communicating the amount they need as a loan and a date they could settle it. EarlySalary's aim is to help individuals who face month-end and mid-month financial crisis by providing small loans until they receive their salaries. The company is building a mobile-first platform with a smart risk scoring system and plans to introduce a fast and easy way to get a loan or buy products and pay later. The founders of EarlySalary are Akshay Mehrotra, a marketer, and Ashish Goyal, an investment banker and CA.
Contacts
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Money Raised

Their latest funding was raised on 05.06.2024. Their latest investor Gennext Innovation Hub. Their latest round Series E

Date 
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05.06.2024
7
$65.14M
Local Amount - INR 5.47B
22.08.2022
3
$92.34M
Local Amount - INR 7.75B
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Acquisitions
1
Acquiree Name 
Date 
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Acquisition Name 
CashCare acquired by EarlySalary

CashCare acquired by EarlySalary

acquirer

EarlySalary
EarlySalary

date

22.05.2018

type

Acquisition
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People

Founders
1
Akshay Mehrotra
Akshay Mehrotra

Akshay Mehrotra

A strategic planning & marketing wiz with an extensive 12 years of work experience with some of India’s biggest brands like Future Retail Ltd, PolicyBazaar.com, Big Bazaar, and Bajaj Allianz Life Insurance Co. Ltd., Akshay is a role model for everyone at EarlySalary. Akshay oversees the implementation of the company’s product strategy and is focused on building the business and building EarlySalary as a Financial Institution. His sharp business acumen, coupled with an unwavering passion for customer service makes him an exemplary leader and this fact have been credited by him being conferred the ‘Most Talented CMO of the Year’ award in 2013 – 2014 by CMO Asia.

current job

EarlySalary
EarlySalary

organization founded

1

Akshay Mehrotra

Employee Profiles
10

Saurabh Khandelwal

Senior software engineer

Anuj Ranka

Head of performance marketing

Praneeth Reddy

Data analyst

Vimal Saboo

Chief business officer

Vivek Jain

Cto, chief architect

Vaibhav Pokale

Senior software developer

Ashish Goyal

Ashish Goyal

Co-Founder & CFO

Akshay Mehrotra

Akshay Mehrotra

Co Founder & CEO

Activity

Recent News
0