Karat Financial

About Karat Financial

Karat is a financial technology company focused on providing business banking services tailored for creators, entrepreneurs, freelancers, influencers, and creatives. Their mission is to offer better banking solutions with peace of mind, addressing the limitations of traditional banks by providing specialized financial tools and services.

Products & Services

Banking Account:FDIC-insured checking and savings accounts for business needs.

Easy Payments:Payment options including ACH, wire, and Karat payment methods.

Free Wires:Stress-free money transfers with no fees for outgoing wires in the Premium plan.

High Yield Checking:Earn up to 2.00% APY on business checking accounts.

Business Visa® Cards:Physical and virtual cards for business transactions.

Creator-Specific Tax Planning:Automated tools to set aside money for taxes, with up to 3.00% APY on tax savings accounts for Premium members.

Specialties

Business Banking for Creators High-Yield Accounts Tax Planning Tools Creator-Specific Financial Solutions

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Series B T: - FT: Series B	A: 70000000 MR: - FA: 70M FAN: 70000000	D: 2023-07-19 FD: 2023-07-19	15 investors

Series B Latest

2023-07-19

$70.0M

15 investors (Pro only)

Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Mock Up

Team & Leadership

L

Ludwig

A

Alex Botez

Creator

A

Alex Hormozi

J

Jack Conte

G

Graham Stephan

Creator

E

Eric

View 5 more team members with Pro

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Recent News

Karat Financial Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised