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# Indian employee benefit startup Jify raises $10 million
- URL: https://www.techloy.com/indian-employee-benefit-startup-jify-raises-10-million/
- Published: 2022-08-04T08:18:51.000Z
- Updated: 2022-12-07T22:16:00.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Fintech, Tech in India

[Jify,](https://www.jify.co/) an India-based employee benefit startup which helps employees to have practical savings and improved finances has raised $10 million in funding from Accel and Nexus Venture Partners. 

- The fund will be used to strengthen its fintech product offerings, drive up customer acquisition, and increase its adoption among the workforce in India.
- Founded in 2021, Jify partners with companies to enable employees to access their earned salary on-demand in real-time and at no cost.
- The startup offers 'smart spend' and 'smart save' to enable employees to track their spending, set realistic saving goals, access smart budgeting and a digital card, and also get simple financial advice on its app.
- It also allows employees to view their accrued earnings and withdraw a portion of their salary for the days they worked, to avoid falling victims to predatory loan systems.