💨 Abstract

Emerald Finance Limited, a financial services provider offering Earned Wage Access in India, has announced a preferential allotment of equity shares. The move aims to raise approximately Rs.15.05 crore for business expansion, EWA program enhancement, onward lending, loan repayment, and general corporate purposes. Key investors include BAYA PTE Ltd, Singapore and Saint Capital Mauritius.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖