Fintech startup SalarySe raises $5.2 million in seed funding

The funding will help SalarySe in developing its technology stack for Credit-on-UPI and drive the adoption of the product in India. Less than 4% of Indians have access to a credit card, making the country’s revolving credit market among the lowest penetrated in major economies. Comparatively, revolving credit penetration in economies like the USA and China is upwards of 70% and 40% respectively.