A win at NASSCOM Fintech Award: A win for India’s Gig and Blue Collar Workers

Karmalife Financial Solution
KarmaLife has won the NASSCOM Fintech Award in the Financial Inclusion category, recognizing our work in building innovative and impactful financial solutions for gig and blue-collar workers in India.

Get ready to celebrate with us at KarmaLife as we are thrilled to announce that we have won the NASSCOM Fintech Award in the Financial Inclusion category! This recognition by NASSCOM, as part of their Open Innovation initiatives, is a testament of the hard work put in by our team at KarmaLife in its quest to build innovative and impactful solutions for gig and blue-collar workers in India.

Our mission has always been to provide sustainable finance and empower these low-income workers to become financially resilient. And this award further energizes us to achieve our vision of becoming the #1 financial app for all gig and blue-collar workers in India.

At KarmaLife, we understand the unique challenges faced by the gig and blue-collar workers in India, which include irregular cash flows and sudden expenditures that cause financial instability. With our Earned Wage Access (EWA) product, we are providing workers with access to a portion of their earnings before payday, bridging the gap between paychecks, and reducing their financial vulnerability.

What sets us apart is our tech-driven approach, using data points to understand and underwrite gig workers based on their current behaviors rather than their financial histories. Our partnerships with employers and workforce aggregators, who use our plug-and-play platform, have allowed us to extend our services across sectors and make a real difference in the lives of millions of gig and blue-collar workers.

We are honored to receive this award and would like to take the opportunity to thank everyone who has supported us in our mission. This is just the beginning, and we are excited to continue our journey towards building sustainable financial futures  for Indian gig workers.

So join us in celebrating this achievement, and stay tuned as we continue onwards and upwards!

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