Karma

Former Metro Bank chief Darren Schindler has been appointed chief operating officer of Karma, the fintech seeking to disrupt the payday loan market. Mr Schindler, joins the fintech after a series of successful Scottish trials of the app which empowers employees to access interest-free monthly advanc

Karma, a fintech aimed at eradicating crippling payday loans by offering interest-free advances, has trialled in Scotland with the support of ethical investor Fortunis Capital. Karma allows employees monthly salary advances of £300 with zero interest -  in stark contrast to the 1200%