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Business Wire IndiaNo more broke month-ends! EarlySalary.com, a Pune-based Fin-tech Start-up, today launched its operations with a revolutionary mobile app that aims to support young professionals overcome over their mid-month and month-end financial needs. The company provides unsecured loans from as low as Rs. 10,000 up to Rs. 100,000/- for upto 30 days. In the beta phase of its launch, the app is currently available on Play Store for android smartphone users in Pune.
The rationale behind this technology led financial business is to provide an easy to use mobile application interface that is designed to help the consumers to apply for a short term loan to meet their immediate needs. Coupled with a fast and secure application process, lightning speed decision-making capabilities and precise data analytics, EarlySalary aims to ensure that the money you request is available within a shortest possible amount of time.
The company is co-founded by Akshay Mehrotra (CEO), Ashish Goyal (CFO) and Jay Jain (COO) all of whom have over a decade of experience up their sleeve. The three bring to the table an expert combination of marketing, finance and technology. EarlySalary had received its seed funding from Ashok Agarwal of Transcorp Group of Approx. USD 1.5 million in November last year.
Akshay Mehrotra, Co-founder & CEO at EarlySalary, said “We recognize a recurring need among young professionals- they reach out to their friends and colleagues or even their companies for advance salary. We are here to become that friend or colleague from whom you can easily access the funds. Traditional banking instruments don’t cater to short term needs and also very slow to cater to this urgent need. We have worked towards building a product backed with technology to help customer to their need of instant money.” He Added, Young India have strong social profiles, we aim to combine this social profile to financial underwriting models to decision faster and provide ease of availing loans to our customer.”
Key Highlights of EarlySalary: