Karbon provides a B2B payment platform that facilitates foreign remittance and corporate expense management for Indian businesses, offering features like real-time expense tracking and automated invoice processing. By eliminating high fees and complex documentation, Karbon enables efficient vendor payments and financial oversight for startups, freelancers, and corporate clients.
Funding
$38.3M 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.
NA+3Founders
Product
Problem
Indian businesses face challenges with high fees, complex documentation, and lack of transparency when making international payments and managing corporate expenses. Traditional methods often involve hidden charges and inefficient processes, hindering financial oversight and increasing operational costs.
Solution
Karbon provides a B2B payment platform designed to streamline foreign remittance and corporate expense management for Indian businesses. The platform offers transparent pricing with a flat 1% fee for freelancer payments, fast account opening, and quick payment settlement. Karbon also provides corporate cards with cashback rewards, real-time expense tracking, automated reporting, and budget controls, enabling businesses to monitor spending and optimize financial management. By simplifying international transactions and expense tracking, Karbon helps startups, freelancers, and corporate clients reduce costs and improve efficiency.
Target Audience
Karbon primarily targets Indian startups, freelancers, importers, and exporters who require efficient and cost-effective solutions for managing international payments and corporate expenses.
Features
- Foreign remittance with a flat 1% fee for freelancer payments
- Fast account opening (48 hours) and payment settlement (24 hours)
- Corporate cards with cashback rewards
- Real-time expense tracking and automated reporting
- Budget controls for managing employee spending
- Free rate comparison for foreign exchange
- Dedicated account manager for large transactions