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KarmaLife partners with Repute
November 15, 2022
“The partnership will enable KarmaLife to bring affordable financial services to the low-income workforce through connecting with HRMSs which will be aided by Repute. Repute expands its offering by including KarmaLife services on its platform. With this collaboration, KarmaLife aims to provide access to earning-linked affordable credit to employees who might need the same at the time of an emergency or due to a shortfall in income” said a release.
Commenting on the partnership, Rohit Rathi, Co-founder & CEO, KarmaLife said, “We believe access to financial freedom is one of the most important values an organization can add to the lives of their employees. The challenge however is to make sure that financial services are available to those who need them the most. By partnering with Repute, we wish to extend our solutions to the maximum number of salaried/waged employees.”
He added,” KarmaLife as a platform has enabled applications like Deduction at Source ( DaS) in India to simplify loan repayments, EMIs, insurance premiums, and savings directly from worker payouts which will surely help not only employees but HR teams as well to attain financial wellness of employees.”
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