Karbon - About the company
Karbon is a series A company based in Bengaluru (India), founded in 2019 by Pei Fu Hsieh and Jianwei Jack Chen. It operates as a Provider of international payment and corporate expense management solutions. Karbon has raised $30.2M in funding from investors like Harmony, Orios Venture Partners and Olive Tree Capital, with a current valuation of ₹*****. The company has 80 active competitors, including 24 funded and 7 that have exited. Its top competitors include companies like Remitly, Zaggle and Wise.
Company Details
Provider of international payment and corporate expense management solutions. It offers services for sending and receiving international business payments, facilitating cross-border transactions. A prepaid corporate card is also provided for expense management, including real-time tracking and reporting features. The platform caters to various business types, assisting with compliance requirements and streamlining financial processes. It aims to simplify international payments and improve financial control for businesses.
- Website
- www.karboncard.com/
- Social
- Email ID
- *****@karboncard.com
- Phone Number
- +91 **********
- Registered Address
- H. No: 11-6-56, Survey No: 257 & 258/1 Opp: IDPL Railway Siding Road,Moosapet, Kukatpally, Hyderabad, hyderabad, Telangana, India, 500037
Key Metrics
Founded Year
2019
Location
Bengaluru, India
Stage
Series A
Total Funding
$30.2M in 6 rounds
Latest Funding Round
Post Money Valuation
₹***** as on Jan 06, 2022
Ranked
14th among 80 active competitors
Annual Revenue
₹50 - ₹100 Cr as on Mar 31, 2025
Employee Count
142 as on May 31, 2025
Legal entities associated with Karbon
Karbon is associated with 4 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
LIVQUIK TECHNOLOGY (INDIA) PRIVATE LIMITED CIN: U74999TN2012PTC165988 , India, Active | Jul 04, 2012 | ₹50 - ₹100 Cr (As on Mar 31, 2025) | 83 (As on May 01, 2026) | |
INTERROPAC PRIVATE LIMITED CIN: U74999KA2018PTC133447 , India, Active | Oct 05, 2018 | 0 - ₹10 Cr (As on Mar 31, 2025) | 80 (As on Mar 01, 2026) | |
MEDPLUS HEALTH SERVICES LIMITED CIN: L85110TG2006PLC051845 , India, Active | Nov 30, 2006 | ₹1,000+ Cr (As on Mar 31, 2026) | 1445 (As on Aug 01, 2025) | |
KARBON UNITED PTE. LTD. UEN: 201912096G , Singapore, Active | Apr 14, 2019 | SGD 1M - 10M (As on Mar 31, 2024) | 25 (As on Dec 31, 2021) |
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Karbon's funding and investors
Karbon has raised a total funding of $30.2M over 6 rounds. Its first funding round was on Jun 2019. Its latest funding round was a Conventional Debt round on May 17, 2022 for $*****. 3 investors participated in its latest round. Karbon has 39 institutional investors and 5 angel investors.
Here is the list of recent funding rounds of Karbon:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 17, 2022 | 6302443 | Conventional Debt | 9185665 | 9265485 | 9029539 | 8496359 |
Feb 09, 2022 | 6686194 | Series A | 8912398 | 6679258 | 2891946 | |
Aug 30, 2021 | 2897457 | Seed | 1322098 | 4882010 | 3361489 |
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Karbon's founders and board of directors
Founder? Claim ProfileHere are the details of Karbon's key team members:
- Pei Fu Hsieh: Co-Founder & CEO of Karbon. They serve on the board of 1 company.Contact Info: 1 email address
- Jianwei Jack Chen: Co-Founder & CTO of Karbon. Contact Info: 1 email address
Karbon's Board of Directors
Karbon's board has 3 active members. Pei Fu Hsieh is part of team and Andrew Thomas and Nichola Eliovits are independent board members.Here is the list of Karbon's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 7y 5m | |
Independent board member | - | Current | 7y 5m | |
hlen{xm | Independent board member | - | Current | 2y 8m |
View details of Karbon's Founder profiles and Board Members
Karbon's employee count trend
Karbon has 142 employees as of May 25. The total employee count is 14.0% lower than what it was in May 24. Here is Karbon's employee count trend over the years:
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Karbon's Competitors and alternates
Top competitors of Karbon include Remitly, Zaggle and Wise. Here is the list of Top 10 competitors of Karbon, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Remitly 2011, Seattle (United States), Public | Provider of international money transfer services with multiple delivery options | $436M | 85/100 | |
2nd | Platform designed to streamline business spends, payments, and rewards through automated and innovative workflows | $13.7M | 80/100 | ||
3rd | Wise 2011, Shoreditch (United Kingdom), Public | Provider of international money transfer and multi-currency | $397M | 78/100 | |
4th | Jeeves 2019, New York City (United States), Series C | Digital company offering payment and corporate financial cards | $490M | 72/100 | |
5th | Digital platform enabling businesses to receive payments from overseas businesses | $20M | 69/100 | ||
6th | Provider of infrastructure for processing and managing cross border payments | $32.8M | 68/100 | ||
7th | AI-driven fintech operating system for business payments | $6.64M | 67/100 | ||
8th | Cross-border money transfers for businesses and individuals | $5M | 66/100 | ||
9th |  PingPong Payments 2015, London (United Kingdom), Series C | Online platform providing cross-border business payment solutions | $124M | 63/100 | |
10th | Provider of a platform for business spend management and payment solutions | $23.5M | 61/100 | ||
14th | Provider of international payment and corporate expense management solutions | $30.2M | 56/100 |
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Karbon's Investments and acquisitions
Karbon has made no investments or acquisitions yet.
Reports related to Karbon
Here is the latest report on Karbon's sector:
News related to Karbon
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Karbon Business Launches Multicurrency Virtual Accounts & Payment LinksGlobal Fintech Series•Sep 05, 2025•Karbon
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This fintech firm is making salary payments easier for other start-upsBusiness Today•Apr 07, 2022•Karbon
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Karbon raises $12 mn in pre-Series A funding roundMint•Sep 24, 2021•Karbon, Ramp, Rainfall Ventures, Roka Works and 1 other
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Karbon card raises USD 1.2 Million in pre-series A roundVcbay News•May 20, 2021•Orios Venture Partners, Karbon, MyAsiaVc
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Karbon Card said to raise $1m in its seed stageFintech•Apr 24, 2020•Karbon, Orios Venture Partners, Whiteboard Capital
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SBM Bank India Partners With Karbon To Launch India's 1st Startup-Friendly Corporate Credit CardIndianWeb2•Feb 13, 2020•SBM Bank, Karbon
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