Karbon Analysis: $2M Raised

• 0.1% starting fee for global payments
• 1% flat rate for freelancer payments
• No fees to initiate or enable cross-border payments
• Competitive markup fee stated upfront

Karbon primarily focuses on the fintech industry, specifically providing foreign remittance solutions for businesses in India, with an emphasis on B2B payments and corporate expense management through prepaid cards.

Revenue from transaction fees on card swipes and corporate card services.

Karbon operates in the fintech sector, specifically providing foreign remittance solutions and B2B payment services in India. Its main competitors include:

1. Happay: Offers corporate cards and expense management solutions. Notable for its user-friendly interface and integration with various accounting software.

2. Razorpay: A comprehensive payment gateway that supports multiple payment methods, including international payments. It is known for its robust API and extensive features for businesses.

3. Volopay: Provides corporate cards and expense management tools with strong accounting integrations. It is recognized for its flexibility and ease of use.

4. Float: A modern business finance platform that focuses on expense management and corporate cards. It stands out for its real-time expense tracking and reporting features.

5. Pleo: Offers smart company cards and expense management solutions, emphasizing ease of use and employee empowerment in managing expenses.

These competitors differ from Karbon in terms of specific features, integrations, and user experience, with some focusing more on expense management while others emphasize payment processing capabilities.

• Orios Venture Partners
• MyAsiaVC
• Whiteboard Capital
• Jitendra Gupta
• Kunal Shah
• Amrish Rau
• Several global angel investors