Corporate card provider Karbon Cards raised $2 million from Cred, Citrus Pay Founders

Fintech startup Karbon Card raised $2 million seed funding from Cred founder Kunal Shah & Citrus Pay cofounders Amrish Rau and Jitendra Gupta.

Karbon Card offers corporate cards to Indian startups with funding of at least INR 25 Lakh. The company offers its services to more than 200 Indian startups that include Cred, MoEngage, Jumbotail, MyGate, Jupiter, and several others.

There are 2K-3K+ startups that require corporate cards but are not able to get it, due to bank criteria and conditions. Karbon Card highlighted that its corporate cards can be used within 24 hours of issuance and requires no fixed deposits and guarantees.

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