KarmaLife and Repute will provide affordable financial services to Indian workforce

By Leandra Monteiro

Today

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KarmaLife, a provider of real-time financial solutions for the Gig workforce, announced a partnership with Repute.

Repute allows different ecosystems to connect and collaborate with each other through its decentralized Blockchain network. Whether businesses, individuals, or service providers, the network enables secure data sharing and transactions for everyone.

The partnership will enable KarmaLife to offer affordable financial services to the low-income workforce by connecting to HRMS which will be aided by Repute. Repute expands its offer by including KarmaLife services on its platform. Through this collaboration, KarmaLife aims to provide access to affordable income-related credit to employees who may need it in the event of an emergency or due to a shortfall.

Commenting on the partnership, Rohit Rathi, Co-Founder and CEO, KarmaLife said, “We believe that access to financial freedom is one of the most important values ​​an organization can add to the lives of its employees. The challenge, however, is to ensure that financial services are available to those who need them most. By partnering with Repute, we want to extend our solutions to as many salaried employees as possible. Rohit added, “KarmaLife as a platform has enabled applications such as Payroll Deduction (DaS) in India to simplify loan repayments, EMIs, insurance premiums and savings directly on worker payments, which will surely help not only the employees but also the HR teams to achieve financial wellness of the employees.

Deepak Dhar, Co-Founder and CEO, Reputation said, “We are thrilled to partner with KarmaLife to help millions of salaried employees gain access to financial wellness. This connectivity of KarmaLife with HR/Payroll systems allows for quick and easy sharing of credentials by employees. It also allows the customization of offers according to the profile by KarmaLife. KarmaLife has strived to make the entire experience smooth and personalized for employees and we are happy to be able to contribute to this.

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