BENGALURU: A Leap Forward in Employee Financial Wellness

In a significant boost to the fintech sector, Keeper, a pioneering startup, has successfully raised Rs 5 crore in funding. This round was led by Antler, with notable contributions from Samved VC and industry stalwarts from Deloitte and Swiggy, among others. Founded in 2023 by Shubhranshu Kumar and Sushant Mehta, Keeper is at the forefront of transforming paid leave benefits into accessible financial solutions.

Innovating for Financial Freedom

Keeper's innovative platform tackles two major challenges head-on: alleviating financial burdens for employers and unlocking the financial potential of unused paid leaves for employees. Traditionally, these benefits were only accessible upon an employee's departure, but Keeper's model revolutionizes this by enabling employees to tap into the cash value of their paid leave while still employed, thereby fostering liquidity without disrupting business operations.

Aligning with New Labor Reforms

This funding milestone comes at a pivotal time as the Indian government is set to implement new labor codes that mandate paid leaves for all employees, ensuring these benefits do not lapse if unused. Employees will now be entitled to the cash equivalent of these benefits, marking a significant shift in employee welfare and financial planning.

The Visionaries Behind Keeper

Shubhranshu Kumar, an IIM Ahmedabad alumnus with a rich background in fintech lending and investment, and Sushant Mehta, a computer science graduate from Manipal University with expertise in fintech and HR-tech sectors, founded Keeper with a vision to enhance employee financial wellness. Their journey began with a personal realization of the untapped potential of paid leave benefits, inspiring them to create a solution that could prevent the need for high-interest loans and improve financial stability for employees.