Corporate card FinTech Karbon Card has raised $12 million in pre-Series A funding, which it will use for operations, product development and hiring new employees to double its headcount to 60 within the next six months and operations, Mint reported.
Bengaluru-based Karbon offers startups four benefits: credit with no personal guarantee or fixed deposits; payments transactions through corporate cards to its customers; rewards specific to the startups’ requirements, such as AWS credits with $50,000; and software products, according to the report.