Fintech startup Karbon Card has recently raised $2 million in seed funding round led by investors from India and China Kunal Shah (Cred), Amrish Rau (Ex PayU) and Jitendra Gupta (Jupiter) among others.
Karbon Card aims for product development and market expansion. The fintech startup is directed towards providing a financial platform for Indian entrepreneurs and offers corporate cards packed with tools and rewards for new age startups. The interest-free corporate credit card includes rewards specific to startups such as AWS credit, MaketMyTrip/Uber/Hubspot/Freshworks discounts, etc. and expense management software among others.
Commenting on the seed funding Pei-fu Hsieh, Co-Founder and CEO at Karbon Card said, “Building a startup and pursuing your passion can be quite challenging. Along the journey, many founders wish the banks could be more appreciative and supportive of the startups’ ambitions. Unfortunately, the banks’ position to protect their customers’ savings at all cost make their requirements and policies rigid and unfriendly to startups. Karbon Card is a startup founded for all Indian startups. Our vision is to empower all startups to achieve more through a Karbon Card. We will strive to improve your cashflow with credit, help you to spend wiser and manage better through our suite of products. Let us worry about these issues while you focus on changing the world.”
Amit Jangir, Co-Founder at Karbon Card said “The journey to building Karbon Card has been dotted by many ups and downs, as is the case with most startups. However, our greatest moment of pride was when we observed that the majority of our early customers have begun to refer and unequivocally praise the Karbon Card to other startups. This validation along with the continued support from hundreds of other startups such as Cred, Jumbotail, MyGate, among others have been incredibly encouraging to our team, assuring us that we are on the right track.”
Karbon Card founded in 2019 empowers Indian Startups with corporate cards. The Karbon Card features include reward programme, expense management software, auxiliary features and travel concierge. The company is launched by veteran VC’s and seasoned entrepreneurs and aims to provide the best corporate credit card possible for Indian startups.