# Karbon Card

**Source:** https://geo.sig.ai/brands/karbon-card  
**Vertical:** Finance  
**Subcategory:** Accounting Software  
**Tier:** Emerging  
**Website:** karboncard.com  
**Last Updated:** 2026-04-14

## Summary

Indian corporate card and cross-border expense platform for funded startups; $38.3M YC W21-backed at $2.8M revenue serving 1,500+ clients at 30% MoM growth competing for Indian startup fintech.

## Company Overview

Karbon Card is a Bengaluru-based corporate card and expense management platform providing Indian startups and funded SMBs with international payment solutions — offering corporate credit cards, expense tracking, receipt management, and cross-border payment infrastructure for companies that have crossed minimum funding thresholds (INR 25 lakh / ~$30,000). Backed by Y Combinator (W21) with $38.3 million raised including a $15 million Series A, Karbon serves 1,500+ clients and generated ₹23.1 crore ($2.8 million) in annual revenue as of March 2024 with 30% month-on-month growth.

Karbon Card's target market is the funded Indian startup ecosystem that needs corporate payment infrastructure beyond what traditional Indian banks provide: international credit cards for SaaS subscriptions (AWS, Google Ads, Stripe), multi-employee card issuance with spend controls, real-time expense tracking, and automated reconciliation with accounting software (Zoho Books, Tally). Traditional Indian corporate banking doesn't offer efficient USD-denominated cards with API-grade expense data — Karbon fills this gap for the 50,000+ funded Indian startups that need global payment capabilities.

In 2025, Karbon Card competes in the Indian B2B corporate card and fintech market with OPEN (business banking for SMBs), Razorpay Corporate Cards, and EnKash (corporate cards for Indian businesses) for funded startup and SMB corporate payment infrastructure. The Indian startup funding ecosystem — despite a funding slowdown in 2023 — remains significant, with thousands of seed-funded companies needing proper corporate payment infrastructure. Karbon's focus on funded startups (requiring minimum funding) de-risks the customer base compared to serving unfunded SMBs. The 2025 strategy focuses on growing the Series A and B startup segment, deepening accounting integrations (Zoho, Tally, SAP), and building the expense policy automation that finance teams need as startup headcount grows.

## Frequently Asked Questions

### What is Karbon Card?
Karbon Card is a Bengaluru-based corporate card and expense management platform founded in 2019 that provides international payment solutions and corporate expense management for Indian startups. The company is part of Y Combinator's Winter 2021 batch and serves over 1,500 clients with streamlined expense management and cross-border payment capabilities.

### What products and services does Karbon Card offer?
Karbon Card offers corporate cards, expense management, international payments, payment automation, and spend controls. These tools help businesses manage their financial operations and cross-border transactions efficiently.

### Who is Karbon Card designed for?
Karbon Card is designed for Indian startups and SMBs with funding of at least INR 25 Lakh (approximately $30,000 USD). The platform specifically serves businesses seeking streamlined expense management and cross-border payment capabilities.

### When was Karbon Card founded and by whom?
Karbon Card was founded in 2019 by Pei-fu Hsieh and Amit Jangir. The company was part of Y Combinator's Winter 2021 cohort.

### Where is Karbon Card located?
Karbon Card is based in Bengaluru, India.

### How much funding has Karbon Card raised?
Karbon Card has raised $38.3M in total funding over 8 rounds, including a $15M Series A led by Olive Tree Capital, Harmony, and Avenir Growth Capital. The company also secured recent debt financing of INR 55 crore from Northern Arc Capital, UC Inclusive Credit, and Oxyzo.

### What are Karbon Card's key metrics and achievements?
As of March 31, 2024, Karbon Card achieved ₹23.1 Cr ($2.8M USD) annual revenue and serves over 1,500 clients. The company is experiencing 30% month-on-month revenue growth with expectations of reaching 35% monthly growth.

### What makes Karbon Card's approach unique?
Karbon Card focuses specifically on providing international payment solutions and corporate expense management tailored for Indian startups. The platform combines corporate cards with spend controls and payment automation to streamline financial operations.

### What are the eligibility requirements for using Karbon Card?
Companies must be Indian startups or SMBs with a minimum funding of INR 25 Lakh (approximately $30,000 USD) to qualify for Karbon Card's services.

### What recent developments has Karbon Card announced?
Recent developments include achieving ₹23.1 Cr revenue as of March 2024, securing INR 55 crore in debt financing from Northern Arc Capital, UC Inclusive Credit, and Oxyzo, and growing to over 1,500 clients. The company is experiencing strong 30% month-on-month revenue growth with targets of 35% monthly growth.

## Tags

b2b, fintech, payment-processing, asia-pacific, startup

---
*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*