KarmaLifeAI logo — India’s largest EWA (Earned Wage Access) & earning-linked cr...

KarmaLifeAI

India’s largest EWA (Earned Wage Access) & earning-linked credit platform to empower Gig & Blue Collar Economy

Founded 2020 India India 88 employees Non Equity Assistance Total: $442.28M AI, Finance +2

General Information

Company Name KarmaLifeAI
Founded Year 2020
Location India India +1
Employees 88
Industries AI, Finance, Financial Services +1
Funding Stage Non Equity Assistance
Social

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About KarmaLifeAI

KarmaLifeAI is revolutionizing the Indian gig and blue-collar economy with its Earned Wage Access (EWA) and earning-linked credit platform. Recognizing the increasing significance of the gig economy in India, the company aims to empower the workforce by providing sustainable livelihood opportunities. With a focus on leveraging data points to understand and underwrite gig workers based on their current behavior, KarmaLifeAI provides Earned Wage Access (EWA), offering a portion of earnings before payday. Moreover, the company offers small-ticket, short-term credit products to alleviate financial stress and unforeseen emergencies for gig workers. Established in 2020, the company operates in the Finance, Financial Services, and Fintech sectors, with its headquarters in India. They received a non-equity assistance investment from Google for Startups on 04 July 2023, demonstrating the recognition and support from major industry players.

With a visionary approach and a focus on addressing the unique financial challenges of gig workers, KarmaLifeAI is well-positioned to make a lasting impact on the gig economy in India.

Taxonomy: EWA platform, Earned Wage Access, earning-linked credit, gig economy, blue collar economy, financial inclusion, sustainable livelihood, short-term credit, AI-powered financial solution, alternative credit underwriting, cash flow management, gig worker empowerment, employer partnerships, financial wellbeing, data-driven credit analysis

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Non Equity Assistance •••••• 1 •••• •••• 04 Jul 2023
Seed Round •••••• 9
Investor Investor Investor
•••• ••••
01 Jun 2023
Seed Round •••••• - 23 Feb 2022
Seed Round •••••• - 01 Sep 2021
Grant •••••• - 23 Jun 2020

KarmaLifeAI Alternatives & Competitors

KarmaLifeAI vs
Steady
Steady United States

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KarmaLifeAI vs
CreditJet
CreditJet United States

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KarmaLifeAI vs

Asia's Largest Human Capital SaaS Platform

Series C
952 employees
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FAQ About KarmaLifeAI

India’s largest EWA (Earned Wage Access) & earning-linked credit platform to empower Gig & Blue Collar Economy
KarmaLifeAI was founded in 2020.
KarmaLifeAI is headquartered in India.
KarmaLifeAI operates in the following industries: AI, Finance, Financial Services, Fintech.
KarmaLifeAI has approximately 88 employees.
KarmaLifeAI has completed 5 funding rounds, raising a total of $442.28M. The latest funding stage is Non Equity Assistance.
Top alternatives and competitors to KarmaLifeAI include Steady, CreditJet, BetterPlace, ZORRZ Finance UK Ltd, Orka Technology Group. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
KarmaLifeAI and Steady are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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