Market Research Report: Karbon Business

Company Overview

Name: Karbon Business

Mission: No information is available.

Founded: 2019

Founder(s): No specific founders' names are available.

Key People:

• Pei-fu Hsieh: CEO Karbon (YC S21)

• Amal Raj: Business Development at Karbon

• Ramie Rajabi: President at Havenpark Communities

• Bhagath G.: Data | Product Management | Fintech

Headquarters: Bengaluru, Karnataka, India

Employees: 51-200 employees

Revenue: No information is available.

Notable For: Karbon Business is a B2B payment solution provider targeting India's finance leaders, entrepreneurs, business owners, and corporate executives. It offers solutions like Karbon Card and Karbon Payout, serving over 2,000 teams across India, including decorated companies and tech unicorns.

Products

Karbon FX

• Description: A foreign remittance tool designed for Indian businesses to facilitate cost-effective and quick international payments.

• Key Features:

• Transaction Fee: 1%

• Forex Markup: 0%

• 24hrs Customer Support: Ensures consistent support availability.

• Guaranteed No Chargeback or Fund Blocking: Provides reliability in international transactions.

Corporate Card

• Description: Designed to support strategic financial management for businesses, offering features tailored to manage expenses efficiently.

• Key Features:

• High Cashback Rewards: Up to 1% unlimited, uncapped cashback on purchases.

• Employee Card Offerings: Free and unlimited cards for employees.

• Real-time Spend Monitoring: Ensures businesses have the capability to make informed decisions on spending and control.

Recent Developments

• Platform Revamp: Updated design and enhanced user experience for smoother navigation and more responsive platform performance.

• Enhanced Feature Launch: Introduction of a referral system offering credits, exclusive merchandise, and priority support.

• Graduation from Y-Combinator: Karbon Business graduated as one of the top growth picks in the YC S21 cohort.

• Fundraising Success:

• Closed a $12 million pre-A round in September 2021.

• Closed a $15 million A round in February 2022.

Recent Partnerships and Client Success Stories

• Partnered with renowned companies such as Unacademy and PharmEasy Pvt Ltd, delivering efficient tools that elevated their payment processes and financial management.

• Successfully onboarded over 3,000 companies while processing transactions totaling upwards of 3000+ Cr.

Community Feedback

• Arun Ramanathan: Describes Karbon as a reliable partner offering transparency and timely payment delivery without hidden fees.

• Shankar R: Recommends Karbon for its customer support and efficient remittance process.

• Nidhi Menon: Praises the company's professionalism and compliance navigation, describing Karbon as a comprehensive solution for all international transactions.

Karbon Business continues to grow and innovate, focusing on simplifying international payments and offering strategic financial solutions for Indian businesses.