KarmaLife is a financial service provider to contract-based workers, which has asserted cooperation with Repute.
This partnership will allow KarmaLife to connect to a Human Resource Management System supported by Reputation to provide affordable financial services to low-income workers. Repute extends its offering to include KarmaLife services on its platform. Part of this collaboration is committed to providing affordable income-related credits to workers who may require them in times of emergency. Repute allows heterogeneous ecosystems to connect and collaborate founded on a decentralized Blockchain Network.
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.”
“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,” he added.
Deepak Dhar, co-founder & CEO, of Repute, said “We are excited to partner with KarmaLife to help millions of salaried/waged employees have access to financial wellness. This connectivity of Association with HR/Payroll systems makes possible a quick and simple sharing of credentials by employees. It also enables the customization of offerings according to the profile by KarmaLife. KarmaLife has been striving to make the entire experience frictionless and personalized for employees and we are happy to be able to contribute.”
