Karat

Karat

Private
Los Angeles, CaliforniaFinTechhttps://www.trykarat.com

Last Round

Series B

Jul 19, 2023

Est. Valuation

$1.1B

Total Funding Raised

$231.6M

Company Overview

Karat Financial is a fintech company that develops digital financial cards to provide secure online payment solutions tailored for digital creators and influencers by utilizing an algorithm that assesses financial and social metrics to determine credit limits and personalized rewards.

Sector

FinTech

Verticals

Lending & Credit, Creator Economy, Credit Scoring, Corporate Banking

Business Model

B2B

Customer Profile

Payment Processing Fee, Subscription SaaS, Freemium, Services & Consulting

AI Layer

Application

Keywords

fintech for creatorscreator credit cardcreator economybusiness credit cardbusiness bankingcreator bankingalternative underwritingcontent creatorsneobank for creatorsinfluencersAI underwritingsocial media metricsworking capitalcharge cardinterchange fees

Historical Pricing

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Caplight Momentum Score

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Karat Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Karat Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series BJul 19, 2023
StrategicApr 19, 2022
Series COct 13, 2021
Series BMay 15, 2019
Series AMay 5, 2017
Seed
Nov 4, 2015

Key People

Founding team and executive leadership

Will Kim

Cofounder Co-CEO

Founding Team

Karat Investors

Notable investors and investment history

InvestorRounds
Commerce VenturesStrategic
Notable CapitalStrategic, Series C
Founder CollectiveSeed, Series A
Founders' Co-opSeries A, Seed
Mantis Venture CapitalSeed
Union Square VenturesStrategic, Series B
Commerce VenturesSeries B

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jan 27, 2025

    Creator Bootcamp-2 workshops are launching January 27, 2025.

Karat Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Karat Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Karat's valuation, stock price, and market status.

Firmographic Details

HeadquartersLos Angeles, California
Employee Range36
Year Founded2019
Last FundingJul 19, 2023

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