Fintech startup EarlySalary raised close to $97 million in funds led by TPG Growth

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Fintech startup EarlySalary raised close to $97 million in funds led by TPG Growth where Norwest Capital and Piramal Capital and Housing Finance Limited also participated.

EarlySalary is a lending app that caters to young working professionals. The company claims to provide instant loans of up to INR 5 lakh. It claims to have over 10 million downloads and to have disbursed INR 5,000 crore in loans to 2.4 million customers. EarlySalary claims to be operational in 27 cities across India, including Ahmedabad, Jaipur, Kolkata, Gurugram, and Mumbai. The lendingtech market in India is expected to grow at a 32% CAGR to $816 billion by 2025.

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Fintech startup EarlySalary raised close to $97 million in funds led by TPG Growth

Fintech startup EarlySalary raised close to $97 million in funds led by TPG Growth where Norwest Capital and Piramal Capital and Housing Finance Limited also participated.

EarlySalary is a lending app that caters to young working professionals. The company claims to provide instant loans of up to INR 5 lakh. It claims to have over 10 million downloads and to have disbursed INR 5,000 crore in loans to 2.4 million customers. EarlySalary claims to be operational in 27 cities across India, including Ahmedabad, Jaipur, Kolkata, Gurugram, and Mumbai. The lendingtech market in India is expected to grow at a 32% CAGR to $816 billion by 2025.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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