Karbon Card raises $2 mn seed funding from angel investors

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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* HomeLane partners Schneider Electric to offer smart home solutions

Home interiors company HomeLane on Monday said it has partnered with Schneider Electric to offer the latter's home automation solution to their customers.

Easy Homes, one of Schneider Electric's innovations in the home automation space, is a convenient and easy-to-install solution that enables homeowners to manage power in their homes through a single app.

This partnership will leverage the superior home automation solutions of Schneider Electric and the end-to-end interiors expertise of HomeLane to revolutionise the home interiors market in India, a statement said.

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* Community Bank in Bangladesh goes live on Infosys Finacle Banking Platform

IT major Infosys on Monday said Community Bank, a scheduled lender in Bangladesh, has implemented Finacle Core Banking Solution at the bank.

The implementation, done in 48 days, will help provide a truly digital banking experience to Community Bank's retail and corporate customers, a statement said.

"Among multiple benefits, the modern platform enables the bank to launch new products within a fraction of time, offer a differentiated customer experience and empower the bank to grow rapidly," it added.