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Karat Financial
Business credit cards for digital creators
- 21-100 employees
- Fintech
- B2B
- Content
- Credit cards
- SaaS
- Beverly Grove, Los Angeles, CA
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Company mission
To provide customized financing, rewards, and support for creators so they can access and save more money as they grow.
-7% employee growth in 12 months
Our take
The creator economy is growing at a rapid pace, but it is still underserved by traditional banks. Karat solves this problem by offering financial services specifically tailored to digital creators and influencers.
Headed by veterans from McKinsey, Facebook, and Instagram, which has helped accelerate Karat's growth considerably. Focusing primarily on YouTubers and influencers, the company has tapped into a lucrative market, offering services like employee cards, ad spend management, and an encompassing rewards program that resonates well with content creators.
Notably, Karat recently secured substantial funding, with contributions from influential figures such as actor Will Smith's Dreamers VC and Ludwig. This fresh capital not only bolsters Karat's competitive stance against players like Creative Juice but also highlights the growing acknowledgement of the unique financial challenges faced by creators in the mainstream financial landscape. As the creator economy's value soars, estimated at $250B, Karat's approach to financial services positions it at the forefront of creator financial management.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Work anywhere in NA/SA: We're a distributed team with members in the US, Canada, and South America
- Build your own schedule: Night owl?? Early riser? Mid-day workouts? Our work is async - so design your days
- Paid vacation & time-off: We'll enforce 2-33 weeks paid vacation and regular time off to keep you feeling balanced
- Health, Dental, Vision: Coverage for you, your family, and those failing eyes and rotting teeth
- 401k / CPP: 401K for our American people and CPP for the Canucks. Still sorting out South America
- Wellness budget: Want to level up your exercise routine? Check out some yoga classes? You're covered
- Home office/equipment: A $300/month equipment or home office allowance for computers, chairs, pillows...
- Co-working allowance: Don't have the space for a home office? Need to be around people? Send us the bill
- A Karat card: A team that spends together grows together. Your very own personalized black card
- Creator events: Casino nights., Supernova. Coachella. Join us at our VIP-only events
- Team meets and offsites: Meet with your team in a new city. Join us in Cancun for the annual retreat
- LA HQ: Karat HQ welcomes you with open arms if you're in or travelling to LA
Funding (last 2 of 4 rounds)
Jul 2023
$40m
SERIES B
Jul 2021
$11m
SERIES A
Total funding: $55.8m
This company has top investors