With verified user data, powered with secure blockchain technology, the partnership will help HR professionals offer contextual financial products to over 7M employees across 25K+ corporations.
Bengaluru, 18th October 2022: MyShubhLife, India’s first digital lending and full-stack financial service platform, has partnered with Repute, India’s 1st blockchain-powered Market Network, to offer multiple products with a frictionless borrowing experience to provide loans and earned wage access to the workforces. Through Repute’s network of over 25,000 Organizations across the country, MyShubhLife will serve corporate employees with Personal Loans, Small ticket loans, Shubh Now: Earned Wage Access and many customized financial solutions to solve their immediate and long-term needs. Both MyShubhLife and Repute are committed to developing curated financial wellness programs for the benefit of the employees.
Repute’s interconnected market network includes partners such as HRMS, HR professionals from various sectors, businesses from rental, fintech, banks, lending, hospitals, and the hospitality industry, among others, who help HR teams empower their employees by providing services such as rentals, fintech, Insure-tech, EWA (Earned Wage Access), and others via its partner HRMS network. The network helps organizations improve HR productivity and efficiency while also improving employee experience.
MyShubhLife’s track record of success in developing a portfolio of financial products for corporate employees through its Shubh Saathi program will assist Repute in delivering end-to-end talent management solutions with technology as the driving force.
Monish Anand, Founder & CEO of MyShubhLife, commented on the collaboration, saying, “The scope for collaboration with one another, to bring agility and accuracy in overall talent management, is made possible by Repute’s open digital ecosystem. As work cultures and methods evolve, talent development & talent management solutions will require technology and automation to improve efficiency and productivity. MyShubhLife is already transforming how employees access funds by making the process simple, transparent, and convenient. This collaboration will enable us to reach millions of workers quickly by leveraging the combined strength of blockchain technology and a modular tech stack.”
“Repute is excited to have this partnership with MyShubhLife, which will help us to deliver various embedded financial solutions to 25,000+ Customers (Organizations) of our partner HRM systems. Embedded finance and our special feature- DaS (Deduction at Source), will enable automatic, easy repayment of loan amounts directly from the respective employee’s payroll without any operational hassle. This will, in turn, enable organizations to create better employee financial health and help millions of employees to avail and manage financial solutions easily.” said Deepak Dhar, CEO Repute Network.
MyShubhLife supports 6 Indian languages on its app and can be accessed on the Google Play store.