Google says it, and over 2 lakh gig workers trust it — KarmaLife is India’s largest Earned Wage Access (EWA) platform! 🎯 Launched in 2020, we’ve scaled quickly, empowering gig workers to take control of their finances. With India’s gig economy, currently home to 7.7 million workers, expected to grow to 23.5 million by 2030, KarmaLife is leading the way. 🚀 Our EWA solution is more than just a paycheck boost — it’s a productivity driver, reducing financial stress for the gig workforce. 💼💸 Don’t just watch the gig economy grow — be a part of it. Partner with KarmaLife to enable Earned Wage Access for your workforce and see the benefits ripple through your business. Together, let’s empower your gig workers and fuel your company's success. 🚀 #KarmaLife #GigEconomy #EarnedWageAccess #India
KarmaLifeAI
Financial Services
Bangalore, karnataka 13,946 followers
India’s largest EWA (Earned Wage Access) & earning-linked credit platform to empower Gig & Blue Collar Economy
About us
As the largest EWA player in India, we are the pioneers of an ecosystem that can impact millions of lives. Studies by BCG have suggested that in 2020-21, 77 lakh (7.7 million) workers will be engaged in the gig economy and this workforce is expected to expand to 20+ crore (200+ M) workers by 2029-30. Owing to the dependence of Indian business on gig workers, the pressure on this community is very high. Therefore, creating sustainable livelihood opportunities for lower-income workers is essential. A study that we did in 2022, confirms that despite making up 85% of the Indian workforce, gig workers in India have irregular cash flows, and any sudden expenditure can upset their financial stability. We use data points to understand and underwrite gig workers based on their current behaviour and not their financial histories. This also goes well with the company’s tech-driven approach instead of a transaction-driven one. As a starting point, we offer Earned Wage Access (EWA) — a financial product that gives people access to a portion of their earnings any time before payday. It focuses on providing a small-ticket credit linked to future earnings. Hence, we are not only helping gig workers with access to financial products more easily but also more responsibly. We work with EWA or earnings -linked credit, and other small-ticket, short-term credit products to resolve the "month end" crisis for the sector. This allows users to flexibly borrow money during medical and other unforeseen emergencies more easily. We are working to build a sustainable future for the gig economy. Recognising the massive potential and pain points of the gig and blue collar economy, we share the enthusiasm of all stakeholders working to help it grow and improve its wellbeing. The employer par also extends services to users through partnerships with employers and aggregators of gig workers with its plug-and-play platform, which integrates with most HR management systems in minimal set up time
- Website
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https://www.karmalife.ai/?utm_source=LinkedIn_button&utm_medium=LinkedIn_button&utm_campaign=LinkedIn_button
External link for KarmaLifeAI
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- Bangalore, karnataka
- Type
- Privately Held
- Founded
- 2020
Locations
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Primary
Bangalore, karnataka 560103, IN
Employees at KarmaLifeAI
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Badal Malick
KarmaLife. Building Inclusive FinTech for the Future of Work.
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Vishwajeet Gopalrao Deshmukh
CxO (Telecom and Fintech )| Early investor in Kutumb , Rupifi , Fleetx, Crofarm and Eeki Foods | Ex Vodafone-Idea , TNM
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Amit Hooja
CEO
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Naveen Budda
Co-Founder KarmaLife , IIM-A Alumni & RCB Fan -- We are Hiring for Tech , Prod & Data roles!
Updates
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🎙️ Catch our CTO, Naveen Budda, on this amazing podcast where he shares his journey with KarmaLife and how we’re making a real difference for India’s gig workers. From his experiences as an entrepreneur to tackling the financial challenges gig workers face every day, Naveen gives some great insights into how we’re empowering the gig economy with flexible financial solutions. Definitely worth a listen! #KarmaLife #Fintech #GigEconomy
Hey folks! We are back with another episode of "On Tap", where we sit with Soumya Kushwaha and Naveen Budda, Founder of KarmaLifeAI, IIM-A Alumni, ex- R&D at Samsung and Smartron, and delve into Karma Life’s journey from a bold idea to a fintech powerhouse serving blue-collar workers. Tune in to the entire Podcast here - https://lnkd.in/gfWV_ppq
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What started as a bold experiment is now India's largest Earned Wage Access platform. 🚀 How did KarmaLife go from a Flipkart pilot to empowering over 2 million gig workers? Spoiler: It’s not just about early access to wages. 💡 Curious about the journey, lessons learned, and what’s next in the gig economy revolution? Click to read more! 👇 #GigEconomy #Fintech #EarnedWageAccess #KarmaLife
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Juggling multiple expenses can weigh down digital workers, pulling their focus away from the job. With KarmaLife managing their finances through Earned Wage Access, they can stay productive and stress-free, knowing their financial needs are covered.💰🤝 #DigitalWorkers #FinancialStability #Workforce #EarnedWageAccess #EWA #GigWorkers #EmployeeWellBeing #Karmalife #Fintech #EWA #GigWorkforce #GigEconomy #FinancialInclusion #Empowerment
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Working tirelessly day and night, digital workers often don't have the time to focus on their finances. That's where KarmaLife's Earned Wage Access (EWA) steps in—handling sudden expenses and providing peace of mind, so they can stay stress-free and focused on their work. 💯 #DigitalWorkers #FinancialStability #Workforce #EarnedWageAccess #EWA #GigWorkers #EmployeeWellBeing #Karmalife #Fintech #EWA #GigWorkforce #GigEconomy #FinancialInclusion #Empowerment
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Let Ganpati Bappa bring prosperity and financial security to your home! 🏠 With KarmaLife, manage your expenses easily. Happy Ganesh Chaturthi! ✨ #ganeshchaturthi #financialsecurity #financialfreedom #karmalife
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The Global Fintech Fest 2024 emphasized the importance of financial inclusion and the transformative power of fintech. For KarmaLife, the event was a great platform for engagement and learning. It provided valuable insights into the evolving fintech landscape and helped us connect with like-minded innovators. Our commitment to providing Earned Wage Access, credit-building opportunities, and short-term loans is helping gig workers not only survive but thrive in today’s economy. #FinancialInclusion #Indianeconomy #Globalfintech #Gigworkers #Credit #Karmalife
Global Fintech fest
KarmaLifeAI on LinkedIn
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With limited savings, gig workers often can’t rely on their own funds for unexpected medical expenses. KarmaLife steps in to provide the financial support they need, ensuring their health and well-being are never compromised, so they can focus on their work with peace of mind.✨💰 #DigitalWorkers #FinancialStability #Workforce #EarnedWageAccess #EmployeeWellBeing #Karmalife #Fintech #EWA #GigWorkforce #GigEconomy #FinancialInclusion #Empowerment
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Dealing with inconsistent income can be a constant struggle for gig workers, making it hard to plan ahead. With KarmaLife’s support, they can smooth out financial uncertainties and stay focused on delivering their best work, free from the stress of financial unpredictability.💰🔒 #DigitalWorkers #FinancialStability #Workforce #EarnedWageAccess #EWA #EmployeeWellBeing #Karmalife #Fintech #EWA #DigitalWorkforce #GigEconomy #FinancialInclusion #Empowerment
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We're #hiring a new Senior Data Engineer in Bengaluru, Karnataka. Apply today or share this post with your network.