Refyne said on Wednesday that it has raised $16 million in Series A funding from partners of DST Global and RTP Global. Refyne works with employers to let their employees access their earned salaries in real-time. An employee can check Refyne and know how much they have earned in a weekend can even withdraw.

Refyne’s Co-founder and Chief Executive Chitresh Sharma explained that many individuals in India run out of cash before their next payday and then end up taking loans. “When faced with a mid-month no cash, the best option for employees to access quick cash which includes payday loans or micro-credit schemes. However, these instruments often have heavy pricing, which further worsens employee’s debts and mental wellness,” the startup said.

It’s a concept that has taken off in several markets with many major big companies like Uber and McDonald’s offering it to their workforce but is yet to come in India, where on paper, earned wage access idea should work as a significant portion of the working force remains on a shaky financial footing.