SalarySe raises $11.3 Mn led by Flourish Ventures

Fintech startup SalarySe has raised $11.3 million in its latest funding round led by Flourish Ventures and SIG Venture Capital, with participation from existing investors Peak XV Partners and Pravega Ventures. 

Earlier in January last year, the Gurugram-based startup had raised its seed funding round of Rs 43.71 crore or $5.2 million led by Surge Ventures and others.

The new capital will be used to expand the technology infrastructure, accelerate product development, scale user growth, and strengthen the team. 

Co-founded by Saumeet Nanda, Mohit Gorisariya, and Piyush Bagaria, SalarySe offers a platform that helps salaried employees manage credit cards, salary advances, and loyalty rewards. 

The firm integrates with employer payroll systems and provides users tools to track spending, access credit-on-UPI, and optimise financial rewards.

SalarySe’s competitors include platforms offering salary advances, rewards tracking, and credit access such as Fibe, Refyne, Zolve, Navi, KreditBee, Fi, and OneCard.

As of September 2025, SalarySe reported an annual revenue run rate (ARR) of approximately $1.1 million. The platform manages over 1 million credit cards and 400,000 loyalty program accounts, with more than 100,000 users paying their credit-card bills through the app.