KarmaLife offers real-time access to credit for gig workers, based on their payroll account, via partnerships with the digital platforms they work for. KarmaLife operates an interest-free subscription model in which the platform or the gig worker can pay a flat fee and access credit equalling up to one-third of their monthly income. The company analyzes alternative data points and payment behavior over time to unlock higher credit lines for the workers.
Location: India, Karnataka, Bengaluru
Employees: 51-200
Total raised: $5.34M
Founded date: 2020
Investors 2
| Date | Name | Website |
| - | The Cataly... | thecatalys... |
| - | Catalyst F... | bfaglobal.... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 02.06.2023 | Seed | $5.34M | - |
Mentions in press and media 14
| Date | Title | Description | Source |
| 02.06.2023 | KarmaLife raised Rs 44 Cr Pre-Series A funding in extension ... | KarmaLife, a company that offers earnings-linked financial solutions to gig and blue-collar workers,... | incubees.c... |
| 01.06.2023 | Financial solutions provider KarmaLife raises ₹44 crore in f... | KarmaLife, an earnings-linked financial solutions provider for the gig and blue-collared workforce i... | thehindubu... |
| 01.06.2023 | KarmaLife Raises ₹44 Crores in Pre-Series A-Extension | KarmaLife, a Bengaluru, India-based provider of an earnings-linked financial solutions provider for ... | finsmes.co... |
| 01.06.2023 | Earning-linked Credit Platform KarmaLife Raises Rs 44 Cr In ... | KarmaLife, a Bengaluru-based gig workers-focused financial services startup, has secured $5.3 millio... | thestartup... |
| 01.06.2023 | KarmaLife Raises INR 44 Crore In Extended Pre-Series A Fundi... | - | entreprene... |
| 01.06.2023 | KarmaLife raises Rs 44 crore in funding from Krishna Bhupal’... | KarmaLife, an earnings-linked financial solutions provider for the gig and blue-collared workforce, ... | indianstar... |
| 29.06.2020 | Catalyst Fund announces three African startups to join new c... | Share this: Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new... | appsafrica... |
| 24.06.2020 | Nigeria’s Wellahealth, Flex Finance & SA’s Paymenow join... | This article is brought to you as part of a new partnership between two of Africa's foremost news an... | techpoint.... |
| 24.06.2020 | Catalyst Fund selects three African fintech startups for acc... | Three African tech startups have been selected to take part in global inclusive fintech accelerator ... | venturebur... |
| 24.06.2020 | Catalyst Fund selects three African fintech startups for acc... | Three African tech startups have been selected to take part in global inclusive fintech accelerator ... | venturebur... |
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