Y Combinator-backed fintech Karbon raises $12 mn in pre-Series A round

Karbon will use the funds to step up its product development, hiring plans and operations. It expects to double its headcount to 60 over next 6 months

Karbon Card, a fintech offering corporate cards, said it has raised $12 million in a Pre-Series A round from US-based fintech Unicorn Ramp, Rainfall Ventures, Roka Works, Y Combinator, and other global investors.

Ramp is a New York-based spend and budget management app or corporate charge card start-up that went on to become a unicorn with a valuation of $3.9 billion in less than two years. Karbon plans to use the funds to step up its product development, hiring plans and operations. It expects to double its headcount to 60 over the next 6 months.

Founded in 2019 by Pei-fu Hsieh, Amit