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Karta raises $140 million Series A led by Galaxy Ventures and CIM

Karta raises $140 million Series A led by Galaxy Ventures and CIM

The fintech startup said it raised $15 million in equity and secured a $125 million debt facility as it expands U.S. credit-card access for overseas clients without requiring an SSN or ITIN.

Fact Check
Galaxy Ventures' official blog post directly states it led Karta's $15 million Series A, part of a $140 million fundraise including a $125 million credit facility from Community Investment Management (CIM), serving global consumers without SSN/ITIN. This matches every element of the claim and is corroborated by PYMNTS and Business Insider. CIM is correctly identified as Community Investment Management.
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Summary

Karta said it raised $15 million in Series A equity financing led by Galaxy Ventures, with Illuminate, Canary and Clocktower Ventures participating, and secured a $125 million debt financing facility from CIM Group. The fintech startup offers U.S. credit cards to overseas clients with U.S. bank or brokerage assets without requiring a Social Security number or Individual Taxpayer Identification Number, targeting a segment that often faces barriers to U.S. credit access. Karta said post-issuance services are handled through WhatsApp and that it has partnered with about 85 private banks and wealth managers.

Terms & Concepts
  • Series A equity financing: An early-stage fundraising round in which investors buy ownership stakes in a startup.
  • debt financing facility: A lending arrangement that provides a company with access to borrowed capital.
  • ITIN: An Individual Taxpayer Identification Number used by people who need a U.S. tax ID but are not eligible for a Social Security number.