Layoff
Oct 2023Business Insider reported Karat laid off staffers; current and former employees estimated 10% or more of the company may have been cut. Karat declined to comment.
SourceBetter financial services for creators
Company research
Public company, workplace, funding, and market signals
Updated Aug 16, 2026
Overview
Karat Financial is a creator-focused fintech that provides business banking, credit cards, payments, rewards, and financial operations tools for creators and creator-led businesses. Its core pitch is that traditional banks don’t understand irregular creator income, so Karat underwrites and serves creators with creator-specific financial products.
Primary product
Creator-first business banking and credit cards for creators and agencies
Headquarters
Los Angeles, California, United States
Team size
11-50
Industry
Technology, Information and Internet
Sub-industry
Financial technology / creator economy fintech
Business model
B2B SaaS
financial services
banking-as-a-service / partner-led fintech
card interchange / payments
Funding
Stage
Series B
Total raised
$100.7M
Latest round
Series B (equity + debt) · Jul 2023
Latest amount
$70M
Jul 2023 · TriplePoint Capital
Jul 2023 · SignalFire
Apr 2022 · Serena Williams
Oct 2021 · Tiger Global Management
Jul 2021 · Union Square Ventures
Jun 2020 · Y Combinator
Pre Seed Round
Jul 2019
People & investors
Leadership
Cofounder & Co-CEO
Cofounder & Co-CEO
Head of Banking
Alice Wang
Head of Operations
Zhiyao Pei
Head of Credit
VP of Strategy and Finance
Work & culture
Public-facing messaging emphasizes building for creators, shipping fast, and supporting a distributed team; the company also markets itself as an expert at the intersection of creator businesses and fintech.
Compensation
Public evidence is limited. Karat’s job data shows active openings and some salary ranges on third-party company profiles, but no company-wide compensation policy was found in primary sources.
Benefits
Free FDIC-insured business checking
Premium tier with 2%-3% APY on checking
Free wire transfers on premium plan
Creator-focused customer support
Automated tax planning
AI bookkeeping (coming soon)
Platform integrations for revenue categorization
Expense tracking
Discounts/benefits with creator-focused companies
Product & market
Pricing
Free standard banking; premium banking at $20/month or waived with a $35,000 minimum balance
Differentiators
- —Creator-specific underwriting using creator/social metrics rather than only FICO
- —Business banking tailored to irregular creator income
- —Visa partnership for creator card and banking products
- —Integrates tax, invoicing, payouts, and bookkeeping for creator businesses
- —Explicit focus on creators as real businesses
Technology
Asana
TikTok
YouTube
Greenhouse
X/Twitter
Zendesk
Twitch
Stripe
Salesforce
Intercom
Google Sheets
GraphQL
PostgreSQL
TypeScript
AWS Lambda
Typeform
Amplitude
JavaScript
Mixpanel
React
Customers
Creators
Creator-led businesses
Agencies
Content creators on YouTube, TikTok, Instagram, Twitch
Competitors
Creative Juice
Brex
Mercury
Ramp
Petal
N26
other creator-fintech / business banking startups
Scale & contact
Estimated revenue
$1M-$10M (Exa/LinkedIn-derived estimate; not company-confirmed)
Estimated monthly visits
39.9K
Traffic estimate as of Jun 2026
Signals & risks
Latest news
Visa · Nov 2025
Visa said it is exploring a potential agentic pilot with Karat Financial to help creators manage payments, invoices, and business operations.
Visa · Nov 2025
Visa announced a creator report and a potential agentic pilot with Karat focused on payments, receivables, and payables for creators.
Business Insider · Nov 2025
Visa said it would deepen its collaboration with Karat on creator-focused financial tools, including AI-assisted workflows for invoices and brand deals.
Karat Financial · Jun 2025
Company post announcing launch of creator business banking and details on free/premium tiers.
TechCrunch · May 2025
Karat launched creator-focused business banking, with free and premium tiers and APY on checking.
Jobs and careers at Karat Financial
10 jobs at Karat Financial
Senior Project Manager (India)
Remote
Professional Services
Remote (India - Bangalore ONLY); Remote (India)
1d ago
Remote
Full-time
Senior Delivery Partner (United States)
Remote
Professional Services
Remote (United States - Select States); Remote (United States, excluding Alaska and Hawaii)
1d ago
Remote
Full-time
External Communications Lead (United States)
Remote
Marketing
Remote (United States - Select States); Remote (United States, excluding Alaska and Hawaii)
2w ago
Remote
Full-time
Senior Technical Content Analytics Manager (Mexico)
Remote
Technical Interview Content
Remote (Mexico - Mexico City ONLY); Remote (Mexico)
3w ago
Remote
Full-time
Technical Content Development Engineer (India)
Remote
Technical Interview Content
Remote (India - Bangalore ONLY); Remote (India)
3w ago
Remote
Full-time
Senior Technical Content Development Engineer (India)
Remote
Technical Interview Content
Remote (India - Bangalore ONLY); Remote (India)
3w ago
Remote
Full-time
Supply Acquisition Coordinator (Mexico)
Remote
Interview Delivery
Remote (Mexico - Mexico City ONLY); Remote (Mexico)
1mo ago
Remote
Full-time
Senior Deployment Engineer (United States)
Remote
Deployment Engineering
Remote (United States - OR or WA State ONLY)
1mo ago
Remote
Full-time
Principal Product Manager (India)
Remote
Product Management
Remote (India - Bangalore ONLY)
3mo ago
Remote
Full-time
Community Engineer (SWE3), Brilliant Black Minds (United States)
Remote
Brilliant Black Minds
Remote (United States - Select States)
3mo ago
Remote
Full-time