Mumbai, 3rd February 2025 – Emerald Finance Limited (BSE: EMERALD), a leading financial services provider in India, has reached an important milestone by disbursing ₹2 Crore in Earned Wage Access (EWA) loans. This achievement highlights the company’s consistent growth and commitment to enhancing financial accessibility in India. Additionally, Emerald Finance has surpassed 10,000 shareholders, marking a significant expansion in its reach.

Emerald Finance’s flagship EWA program offers salaried professionals timely access to their wages, providing financial relief when needed most. The company has 40 corporate tie-ups for its EWA program, with a target of reaching 60 tie-ups by the end of FY25 and 250 by FY26.

Emerald Finance has maintained a zero NPA track record across both its EWA and MSME lending segments, demonstrating its strong underwriting and risk management practices.

Commenting on the achievement, Mr. Sanjay Aggarwal, Managing Director of Emerald Finance Limited, stated, “We are thrilled to have reached these significant achievements. Disbursing ₹2 Crore in EWA loans underscores our commitment to empowering employees with timely financial access. At Emerald Finance, we are transforming financial accessibility through our EWA program, ensuring that salaried professionals can access their earnings when they need them the most. Crossing the ₹2 Cr disbursement mark is a proud milestone for us, reaffirming the growing demand for our solutions and the trust we have built with our corporate partners and customers.”

Looking forward, Emerald Finance plans to further diversify its offerings by launching small-ticket personal loans for EWA customers by Q4 FY25, further cementing its role in improving financial inclusion across the country.

About Emerald Finance Limited
Emerald Finance Limited, previously known as Emerald Leasing Finance and Investment Company Limited, is a non-deposit taking NBFC based in Chandigarh. The company focuses on retail and MSME lending and acts as a loan origination platform for over 40 financial institutions through its subsidiary, Eclat Net Advisors Private Limited. Since receiving its NBFC license in 2015, Emerald Finance has expanded its services to include personal loans, business loans, and Early Wage Access.

Emerald's EWA product provides salary advances through a fully digital platform in partnership with employers, offering a sustainable solution for employees needing quick access to their earned wages. The company’s financial performance for FY24 includes Total Income of ₹13.36 Cr, EBITDA of ₹7.06 Cr, and a PAT of ₹4.14 Cr (on a consolidated basis).

Disclaimer:
Certain statements in this document that are not historical facts are forward-looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated.

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