# Karat Financial: Information technology & services, West Hollywood, United States

> Karat Financial: Karat Financial is a fintech company based in Los Angeles, California, founded in 2019. Based in West Hollywood, United States. Founded 2019.

Source: https://millionrounds.com/startup/karat-financial (Millionrounds; every figure on the page links to its filing or article)

United States · [Information technology & services startup](https://millionrounds.com/companies)

# Karat Financial

Karat Financial is a fintech company based in Los Angeles, California, founded in 2019.

Funding reported Last round: Series B

Information technology & services West Hollywood, United States

Company summary

- **Founded:** 2019 7 years old
- **Team:** 36 11 to 50 people
- **Funding reported:** $101M in dollars
- **Last round:** Series B Jul 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Karat Financial has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Karat Financial

Karat Financial is a fintech company based in Los Angeles, California, founded in 2019.

It focuses on providing financial infrastructure tailored for the creator economy, helping creators and digital entrepreneurs manage their banking, credit cards, payments, invoicing, and bookkeeping. The company aims to treat creators as legitimate businesses, addressing the gaps left by traditional banks. Karat offers a range of financial tools, including the Karat Black Card, a business credit card that evaluates creators based on income and social metrics rather than traditional credit scores. Their banking solutions include a complimentary FDIC-insured business checking account and a premium tier with additional benefits. The company also provides back-office tools for invoicing, payouts, bookkeeping, and tax planning. With over $1.5 billion in credit extended, Karat supports creators who generated more than $2.4 billion in revenue in 2024.

## What company datasets say Karat Financial raised

Funding, as reported

Reported in all **$101M** in dollars

Rounds **7**

Last round **Series B**

Last round size **$40M**

Last round date **Jul 2023**

Investors listed **27**

Y Combinator **W20**

## On 3 portfolio pages

Investors who name them

- [SignalFire](https://millionrounds.com/fund/signalfire)
- [Commerce Ventures](https://millionrounds.com/fund/commerce-ventures)
- [Notable Capital](https://millionrounds.com/fund/notable-capital)

Each firm lists Karat Financial on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

business metrics comparison business credit card creator credit card creator growth opportunities tax compliance for creators creator economy creator business insights funding options for creators java holistic financial services reserve slack tax savings strategies community events for creators creator tax strategies concierge financial service

Built with from their website

Google Tag Manager Amazon CloudFront YouTube Google Workspace CloudFlare Viewport Meta dc.js webpack Facebook SDK Amazon S3

+8 more

Webflow Hosting OpenAI AI Google Meet CloudFlare CDN Twilio SendGrid Email Marketing Campaigns Priority Hints React

- **Sector:** Information technology & services
- **Industry code:** NAICS 52232, 52239, SIC 6021
- **Region:** California
- **Part of:** Karat
- **Revenue:** $3.5M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/karat-financial)

## Information technology & services in United States

Startups like it

- [**Databricks** San Francisco · founded 2013 *Raised*](https://millionrounds.com/company/databricks)
- [**Waymo** Mountain View · founded 2009 *Raised*](https://millionrounds.com/company/waymo)
- [**Crusoe** Denver · founded 2018 *Raised*](https://millionrounds.com/company/crusoe)
- [**Cursor** San Francisco · founded 2017 *Raised*](https://millionrounds.com/company/cursor)
- [**Thinking Machines Lab** San Francisco *Raised*](https://millionrounds.com/company/thinking-machines-lab)
- [**Cognition** San Francisco *Raised*](https://millionrounds.com/company/cognition)
- [**Polymarket** New York · founded 2020 *Raised*](https://millionrounds.com/company/polymarket)
- [**Harvey** San Francisco · founded 2022 *Raised*](https://millionrounds.com/company/harvey)

## Is this your company?

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