Karbon Card
Karbon Card is a fintech company based in Bengaluru, India, specializing in corporate credit cards, vendor payment solutions, and forex outward remittance products for Indian businesses.
Company Overview
Karbon Card is a fintech company based in Bengaluru, Karnataka, India. The company operates specifically in the credit and lending sub-industry and was launched in July 2021. Karbon Card offers corporate credit cards, vendor payment solutions, and forex outward remittance products tailored for Indian companies. The firm caters to regions including India, South Asia, and offers remote as well as partly remote services.
Fintech Solutions
Karbon Card provides comprehensive spend management and working capital solutions through partnerships with banks and financial institutions. The company employs a liberalized startup-friendly underwriting process to qualify companies for credit. For companies that do not qualify, Karbon Card offers alternative payment options allowing them to top up and leverage card/vendor payment solutions. Karbon Card processes transactions worth over 3000+ Cr, has onboarded 3000 companies, and has saved companies over 100+ Cr via rewards and cashback.
Corporate Credit Card Features
Karbon Card offers multiple corporate cards with features like no hidden fees, one-minute account opening, fast approval, and maximum flexibility in cash management. Businesses can enjoy up to 1% uncapped cashback on online and offline expenses. The user-friendly dashboard allows for easy tracking and control of spends. Additionally, Karbon Card ensures compliance and security by partnering with Mastercard and Visa and provides facilities like an auto-debit option for card dues payments and secured credit cards backed by securities or fixed deposits.
Y Combinator S21 Participation
Karbon Card was part of the Y Combinator batch S21. Participation in this prestigious startup accelerator has been a key milestone for the company, contributing to its growth and development in the competitive fintech landscape.
Security and Compliance
Karbon Card ensures a high level of security and compliance for its services. By engaging with external service providers and agents, the company maintains robust support for its product offerings. All disputes are addressed under the jurisdiction of the competent Courts in Mumbai. Notices and communications are managed formally via letters or facsimiles to ensure proper documentation and compliance.