London, United Kingdom
KARMA, founded in 2019, is a UK-based startup focusing on innovative financial solutions for hardworking individuals. With a commitment encapsulated in its slogan, "We are committed to creating products that help UK's hardworking people," the company aims to provide financial support precisely when it is needed.
Operating in the Finance, Financial Services, and Fintech industries, KARMA has developed borofree, the first salary advance solution that is cost-free for both employers and employees. This product offers a unique approach to employee financial wellness without financial strain. Additionally, their government-approved platform, KarmaVouchers, facilitates digital-only fulfilment of vouchers, benefiting public sector clients with a streamlined, closed-loop distribution model.
The company received a £15.00M venture round investment on 26 May 2020, led by Fortunis Capital. This backing underscores confidence in KARMA's mission and market potential. Investors might find potential in KARMA's clear focus on scalable solutions and alignment with public sector needs.
