Karat Financial Overview
- Founded
-
2019

- Status
-
Private
- Employees
-
54

- Latest Deal Type
-
Early Stage VC
- Investors
-
28
Karat Financial General Information
Description
Developer of digital financial cards designed to offer secure online payments. The company's cards use an algorithm that considers both an applicant's financial and social statistics, including reach, engagement, and recent earnings in order to generate credit limits and customized rewards and perks accordingly, enabling digital creators and influencers to have credit liquidity suited to their needs.
Contact Information
Website
www.trykarat.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Other Financial Services
Primary Office
- Los Angeles, CA
- United States
+1 (650) 000-0000
Karat Financial Timeline
Karat Financial Valuation & Funding
Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
---|---|---|---|---|---|---|
6. Early Stage VC | 01-Jul-2022 | 000.00 | Completed | Generating Revenue | ||
5. Early Stage VC (Series B) | 16-Dec-2021 | 0000 | 000.00 | 00000 | Completed | Generating Revenue |
4. Debt - General | 07-Oct-2021 | 00.000 | 000.00 | Completed | Generating Revenue | |
3. Early Stage VC (Series A) | 30-Jun-2021 | 000.00 | 000.00 | 0000 | Completed | Generating Revenue |
2. Early Stage VC (Series A) | 25-Jun-2020 | $4.6M | $4.75M | 000.00 | Completed | Generating Revenue |
1. Accelerator/Incubator | 16-Mar-2020 | $150K | $150K | 00.000 | Completed | Generating Revenue |
Karat Financial Cap Table
Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
---|---|---|---|---|---|---|---|---|
Series B | 0,000,000 | 00.000000 | 000.00 | 000.00 | 00 | 000.00 | 00.00 | |
Series A-5 | 00,000 | 00.000000 | 00.00 | 00.00 | 00 | 00.00 | 0.000 | |
Series A-4 | 0,000,000 | 00.000000 | 00.00 | 00.00 | 00 | 00.00 | 00.000 | |
Series A-3 | 0,000,000 | 00.000000 | 00.00 | 00.00 | 00 | 00.00 | 00.000 | |
Series A-2 | 1,148,935 | $0.000010 | $0.13 | $0.13 | 1x | $0.13 | 4.05% | |
Series A-1 | 4,788,312 | $0.000010 | $2.39 | $2.39 | 1x | $2.39 | 16.87% |
Karat Financial Executive Team (2)
Name | Title | Board Seat | Contact Info |
---|---|---|---|
Eric Wei | Co-Founder and Co-Chief Executive Officer | ||
William Kim | Co-Founder and Co-Chief Executive Officer |
Karat Financial Signals
Karat Financial Investors (28)
Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
---|---|---|---|---|---|
Upper90 Capital Management | Lender/Debt Provider | Minority | 000 0000 | 000000 0 | |
Commerce Ventures | Venture Capital | Minority | 000 0000 | 000000 0 | |
Pentas Ventures | Venture Capital | Minority | 000 0000 | 000000 0 | |
Vibe Capital | Venture Capital | Minority | 000 0000 | 000000 0 | |
Witz Ventures | Venture Capital | Minority | 000 0000 | 000000 0 |