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Karma

Category
Scaleup Innovator

Vertical
Blockchain, Consumer Lending, Financial Education and Inclusion, Open Banking, Personal Financial Management

Location
London

Karma is a disrupter to the payday loan/short term debt/salary advance sector as there are no charges to the individual or employer. Karma has created a platform whereby borrowers have access to short term funds at zero cost. Borrowers pay no fees or interest or any other charges and unlike the Salary Advance sector, there are no charges to the employer either.