Karbon Card

Corporate Card solution for Indian businesses

karboncard.com

HQ: Bengaluru, KA, India

51-200

Fintech

Company research

Public company, workplace, funding, and market signals

Updated Aug 16, 2026

Overview

Karbon Card (Karbon Business) is a Bengaluru-based B2B payments and spend-management fintech for Indian businesses. Its core products include corporate cards and low-cost international payments/forex, plus related payout and expense-management workflows.

Primary product

B2B payment solution with corporate cards and low-cost international payments

Founded

2019

Headquarters

Bengaluru, Karnataka, India

Team size

100-150 employees

Industry

Financial Services

Sub-industry

B2B fintech / corporate cards / payments

Offices

Bengaluru, Karnataka, India

Presence in the United States

Bengaluru Area, India

Mumbai, Maharashtra, India

Chandigarh, India

Business model

transaction fees

payments and FX spread

SaaS-like fintech platform fees

enterprise/business subscriptions or pricing not publicly detailed

Funding

Stage

Series A

Total raised

$38.4M

Latest round

Series A · Feb 2022

Latest amount

$15M

Series A

Feb 2022 · Harmony Partners / Olive Tree Capital

$15M

Pre-Series A

Sep 2021 · Ramp

$12M

Growth capital

Aug 2021 · Y Combinator

Seed Round

Jun 2019

People & investors

Leadership

Peifu Hsieh

Co-Founder and CEO

Bo Li

Co-Founder - Head of Growth / Co-Founder - Head of Forex Product

Gloria Rao

Senior Vice President of Business Development

Annie Dsouza

Vice President of Business Development

Zain Shariff

VP of Growth

Shitala Shastri

Head of Growth

Founders

Amit Jangir

Co-Founder

Kartik Jain

Co-Founder

Pei-fu Hsieh

Co-Founder and CEO

Sunil Kumar

Co-Founder

Sunil Sinha

Co-Founder

Investors

2AM VC

Amrish Rau

Avenir

Avenir Growth Capital

Orios Venture Partners

Oxyzo Financial Services

Rainfall Ventures

Ramp

Roka Works

UC Inclusive Credit Private Limited

Whiteboard Capital

Y Combinator

Work & culture

Public evidence suggests a fast-moving, product-led fintech culture focused on customer feedback, growth, and operational execution. LinkedIn posts and employee profiles indicate a hiring-oriented, office-based environment, but no authoritative public culture statement was found.

Compensation

Public evidence contains some hiring posts mentioning salary bands for specific roles (for example, a Growth Operations Associate post cited 6-10 LPA), but no comprehensive compensation framework is publicly available.

Product & market

Pricing

Not publicly disclosed in detail; appears to monetize through card/payments usage, FX/transfer spreads, and possibly business account/product fees.

Differentiators

—No personal guarantee on credit offerings (per public marketing and press coverage)
—Corporate cards with add-on cards for teams
—International payments/forex for Indian businesses
—Vendor payout and bulk payment workflows
—Expense management integrated with business finance workflows
—Customer-led product expansion across cards, forex, payouts, and cloud spending

Technology

Visa network

IDFC Bank

Yes Bank

WhatsApp (expense workflows)

cloud provider integrations such as AWS, Azure, and GCP

Customers

Indian startups

SMEs

corporates

finance teams

freelancers / exporters / importers

Competitors

Ramp

Brex

Divvy

Pleo

VISA/Mastercard-based business card providers

other Indian B2B payments / corporate card fintechs

Scale & contact

Estimated revenue

$1M-$10M annual revenue (public estimate; Exa indicates ~$3M annual revenue)

Latest news

Karbon Business Unveils AiAccountant for Indian SMEs

SMEStreet · May 2026

Reports that AiAccountant is aimed at India’s SME market, trained on 30 crore+ transactions and serving 500+ paying customers with strong month-over-month growth.

Karbon Business launches AiAccountant for India's small and midsize businesses

NewsBytes · May 2026

Short-form coverage of AiAccountant launch, two operating modes, 300M+ transaction training data, and 500+ paying customers.

Karbon Business launches AiAccountant for India’s SME market

TechDisruptor Media · May 2026

Coverage of Karbon Business's AiAccountant launch, a full-stack AI accounting platform for SMEs with bookkeeping, GST/tax filing, reconciliation, and natural-language finance queries.

How AiAccountant Is Enabling 64 Million SMEs the Autonomous Accounting Stack That Only Enterprises Could Afford

CXOtoday · May 2026

Media coverage positioning AiAccountant as an autonomous accounting stack for SMEs, emphasizing real-time bookkeeping, reconciliation automation, and proprietary transaction data.

Karbon Business Launches Multicurrency Virtual Accounts & Payment Links

GlobeNewswire · Sep 2025

Karbon Business launched multicurrency virtual accounts and payment links for Indian SMEs/exporters, highlighting faster settlements, transparent reconciliation, and up to 90% lower FX fees claims.

About AI Accountant Blog Blog / resources Careers Careers / About Contact Contact GitHub Help Center

SourcesKarbon Card homepage / company profile LinkedIn company profile (Karbon Business)YourStory funding coverage (seed)YourStory funding coverage (pre-Series A)YourStory funding coverage (YC growth capital / customers / competitors)

Jobs and careers at Karbon Card

15 jobs at Karbon Card

Educational Content Developer

Remote

Education

Remote, Philippines; Philippines

1w ago

Remote

Full-time