Karbon Card, a fintech startup focused on corporate cards, raised $ 12 million in its Pre-Series A round led by US fintech firm Unicorn Ramp, Rainfall Ventures, Roka Works and Y Combinator . Other global investors also attended.
According to the Bengaluru-based startup, the funds will be used for product development as well as hiring plans and operations. In addition, the company plans to double the number of employees to 60 in the next six months.
Karbon Card was founded by Pei-fu Hsieh, Amit Jangir, Kartik Jain and Sunil Sinha and enables entrepreneurs to finance up to 5 billion rupees without fixed deposits or personal guarantees as well as perks such as Amazon Web Series (AWS) loans, cost management via WhatsApp and smooth payment transactions with his company cards.
Read more The Karbon Card, supported by Y Combinator, collects USD 12 million before the A round at Trickypedia.