Emerald Finance has raised a Term Loan of Rs 15 crore from State Bank of India (SBI) for further expansion of its business. The funds shall be mainly utilized for its distinctive and unique Earned Wage Access Program. This program provides the facility to the employees of India’s leading corporates to access part of their salaries seamlessly throughout the month. This product entails tying up with employers to offer short term loans to their employees.
As a Non-Banking Financial Company (NBFC) Emerald Finance is involved in providing financial services with a paramount focus on small and medium enterprises (SMEs) in corporate and non-corporate sector.
