Ethical finance: £15m fintech investment in payday loan disruptor
May21

Ethical finance: £15m fintech investment in payday loan disruptor

Fintech Karma has held successful UK trials of an app aimed at disrupting the payday loan market, with support to the value of £15million from ethical investor Fortunis Capital. Karma (getkarma.co.uk) allows employees monthly salary advances of £300 with zero interest – in contrast to the punitive rates charged by some lenders. Karma consumer tested the ground-breaking smartphone app with the backing of lead investor,...

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