EarlySalary.com has raised $1.5 million in seed round of funding from Ashok Agrawal of Transcorp Group. The EarlySalary.com is a Pune based FinTech startup that was co-founded by a team of three members Akshay Mehrotra, Ashish Goyal, & Jay Jain. The company will use this fund to develop a mobile app.
EarlySalary.com is a money lending platform, which offers its customers small amount of loan till their next salary credit. The company wants to revolutionize the money lending process in India. This FinTech startup will use its seed round of funding to develop a mobile app based lending platform.
The Co-founder and CEO of EarlySalary.com, Akshay Mehrotra said, “We as a population are dominated by a strong middle class and young individuals. There have always been times of the month where we are left with empty pockets. EarlySalary.com plans to help provide a small bridge loan to tide over that short difficult period till your salary reaches your account.”
This is a good platform for the people to borrow cash in very easy steps. The company wants to develop a new credit scoring platforms by combining the traditional credit scoring with online and social scoring technology. With this new money lending platform, the startup wants to change the process of borrowing money.