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Emerald Finance Joins Forces with Che-Mvin to Expand Early-Wage Access for Industrial Workforce

Updated: July 18, 2025 16:55

Image Source : EquityBulls
Emerald Finance Ltd has announced a strategic partnership with CheMvin Industries to roll out its EarlyWageAccess (EWA) program, aimed at improving financial wellness for factory employees.
 
Key highlights:
  • The collaboration enables CheMvin’s workforce to access a portion of their earned wages before payday via Emerald’s digital platform.
  • Employees can withdraw funds ondemand through Emerald’s web app, with repayments autodeducted on salary day.
Strategic impact:
  • The initiative is expected to boost employee retention, reduce financial stress, and enhance productivity across CheMvin’s operations.
  • Emerald’s EWA model charges a nominal service fee (2–3%) instead of interest, making it a costeffective alternative to payday loans.
Operational outlook:
  • Emerald continues to scale its EWA footprint, targeting 250 corporate partnerships by FY26.
  • The company processed over ₹46 crore in salary advances in FY25, with repeat usage exceeding 80% among active users.
Sources: BSE India, Screener.in, ValuePickr Forum, AngelOne News, Emerald Finance Ltd Investor Presentation

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