Karat Financial, a Los Angeles, CA-based provider of solutions for creators to manage their money, raised $70m in funding.
The funding included:
- $40m in Series B led by SignalFire with participation from Union Square Ventures, CRV, GGV, Commerce Ventures, and Dreamers VC, and
- $30m in debt financing from TriplePoint Capital.
The company intends to use the funds to expand operations and its development efforts, as well as to extend its product offerings.
Co-founded by Will Kim and Eric Wei, Karat is building a financial infrastructure for the creator economy. The company aims to provide creators with tools to manage their finances across payments, bank accounts, invoicing, etc. Now, they are introducing a Visa business credit card that also builds personal credit and a tax service out of beta.
Karat is a Y Combinator-backed company.
FinSMEs
21/07/2023