Fintech company Karbon Card on Monday said it has raised USD 2 million in seed funding, led by angel investors from India and China, including Kunal Shah (Cred), Amrish Rau (Ex PayU) and Jitendra Gupta (Jupiter).
The company plans to use the funds for product development, operations and market expansion, a statement said.
The company 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.
"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," Pei-fu Hsieh, co-founder and CEO at Karbon Card, said.
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