The startup offers a B2B payment assistance platform that provides interest-free corporate credit cards tailored for startups, featuring no personal liability and no fixed deposit requirements. This solution enhances cash flow management and meets the credit needs of emerging businesses by delivering unlimited benefits and rewards.
Funding
$43.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Startups and businesses in India often face challenges accessing corporate credit cards due to requirements for personal guarantees or fixed deposits, hindering their ability to manage cash flow and expenses effectively. Traditional foreign remittance processes can also be costly and lack transparency, impacting profitability and operational efficiency.
Solution
Karbon provides Indian businesses with corporate expense management and international payment solutions. Its corporate cards offer interest-free credit without personal liability or fixed deposit requirements, enabling startups to better manage their finances. The platform also facilitates cheaper, quicker, and easier foreign remittances, featuring transparent pricing and faster settlements compared to traditional methods. By consolidating card expenses, analytics, and employee cards into a single platform, Karbon offers real-time spend monitoring and strategic savings opportunities.
Target Audience
Karbon primarily targets startups, freelancers, importers, and exporters based in India that require efficient solutions for managing corporate expenses and conducting international transactions.
Features
- Corporate prepaid cards with high cashback rewards on everyday purchases
- No personal guarantee or fixed deposit required for corporate credit cards
- Real-time expense tracking and automated reporting for better financial oversight
- Employee cards with customizable spending limits and monitoring capabilities
- Foreign remittance services with competitive markup fees and transparent pricing
- Fast account opening and payment settlement for international transactions
- Dedicated account managers for personalized support and assistance