Karta Completes $15M Series A Funding Led by Galaxy Ventures

According to ChainCatcher, fintech startup Karta announced the completion of a $15 million Series A funding round led by Galaxy Ventures, with participation from Illuminate, Canary, and Clocktower Ventures. The company also secured a $125 million debt financing facility from CIM Group.

Karta provides U.S. credit card services to overseas customers holding U.S. bank or brokerage assets without requiring SSN or ITIN, allowing users to complete all operations via WhatsApp. The company has partnered with approximately 85 private banks and wealth management institutions.

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