Fintech start-up EarlySalary is making emergency loans more affordable

EarlySalary recently raised Series B funds of Rs 1 billion from investors such as Eight Roads ventures, IDG Ventures, DHFL, and Ashok Agarwal

Romita Majumdar 

Neha Kumari needed a new phone urgently after her old one was damaged during a Saturday night party. To add to her difficulties, it was the beginning of the last week of the month and the salary day was 10 days away. Missing client calls for more than a couple of days was out of the question and the weekend was expensive anyway.

Neha, who did not have a credit card, could have borrowed from friends, but most of them were as broke as she was then. And borrowing from the family was ruled out. The last time she had borrowed Rs 10,000 from a friend to book emergency tickets was three ...

First Published: Mon, February 12 2018. 05:21 IST