KarmaLife offers earnings-linked financial products for the gig and blue-collared workforce, including subscription-based Earned Wage Access and a dynamic Line-of-Credit powered by its proprietary real-time credit scoring system, KarmaScore. The company operates on a B2B2C model and partners with employers to give workers access to pay before payday. KarmaLife is already the largest Early Wage Access (EWA) platform and serves over 100,000 blue-collar workers. It has partnerships with 50+ organizations, including Flipkart, Elastic Run, Uber, Porter, and Delhivery. The company plans to use new funding to expand operations and broaden its business reach. Founded in March 2020, KarmaLife is led by CEO Rohit Rathi along with co-founders Naveen Budda and Badal Malick.

Total raised

$5M

Funding rounds

1

Latest round

Series A

Latest activity

Jun 2023