Fintech startup KarbonCard has raised $12 million in a pre-Series A funding round from investors including US fintech unicorn Ramp, Rainfall Ventures, Roka Works, and Y Combinator, among others.
The corporate cards startup expects to use the funds to step up its product development, undertake hiring to double its headcount in the next six months, and bolster its operations.
Karbon had earlier raised $3.5 million from Orios Venture Partner and US-based venture capital company, 2AM VC.
