Apr 28, 2022 • 40M
S5 Ep119: Lending to India's Gig Economy With Badal Malick of KarmaLife.AI
Welcome to LongShorts! A TRANSFIN. Podcast where Nikhil Arora (https://twitter.com/Nikhil26A) and Sharath Toopran (https://twitter.com/SharathToopran) converse with entrepreneurs and business operators running successful startups, profitable SMEs and family promoted firms on one end, and top investment professionals representing VC/PE/credit funds on the other. The objective is to bring out an "actionable" perspective converging the world of business and investing.
We speak with Badal Malick, Co-founder and Chief Business Officer at KarmaLife.AI, a platform building financial solutions for India's growing gig economy. Motivated by the pain points of gig workers, including cashflow volatility, exposure to shocks and limited career progression due to a low skill base, Badal talks about how KarmaLife.AI serves their financial requirements. Drawing from his own experience and interest towards financial inclusion, Badal explains how KarmaLife.AI combines work data and technology to accurately underwrite customised credit and build trust in order to empower gig workers and support lenders.