• SalarySe has experienced significant growth, with annualized revenue increasing from approximately $250,000 in FY25 to over $1 million, and they are targeting $5 million in the next 12 months. This expansion is driven by strong traction in sectors like IT, healthcare, and education, which have large underserved salaried populations.
• The company, founded in 2023, offers financial products such as salary advances and credit cards to salaried employees and recently secured $11.3 million in Series A funding. This capital will be used for hiring, product development, and expanding into retail and manufacturing sectors.
• SalarySe's Credit on UPI product, which offers an interest-free period similar to credit cards and is managed through payroll-linked technology, is a major revenue driver, contributing about 70% of the company's income. They have partnered with HDFC Bank and RBL Bank for this product, and have achieved 500,000 app downloads, with a user base predominantly in their 20s and a significant female demographic.
• Corporate onboarding is a key growth strategy, with SalarySe collaborating with HR teams to create tailored benefits for employers, already onboarding companies like Wipro and Wipro. The company is also exploring obtaining an NBFC license to further capitalize on the strong demand for payroll-linked loans, which offer a safer and more cost-effective credit option.

Aman Rawat

Peak XV Partners-backed SalarySe is entering its next phase of expansion after a year of strong growth across product .........

Peak XV-backed SalarySe targets rapid expansion after latest fundraise

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Peak XV Partners-backed SalarySe is entering its next phase of expansion after a year of strong growth across product usage, corporate adoption, and...

SalarySe

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Piyush Bagaria

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