A young Indian startup that is betting that earned wage access solutions will take off in the South Asian nation said on Wednesday it has closed a new round from high-profile investors.
Bangalore-based Refyne said on Wednesday that it has raised $16 million in Series A from partners of DST Global and RTP Global. The one-year-old startup also disclosed that it raised a $4.1 million seed round in December from Jigsaw VC and QED Investors and XYZ Capital, all of whom also participated in the new round.
TechCrunch reported last month that Refyne was in talks with RTP Global to raise money.
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