The startup, which was part of accelerator Y Combinator’s Winter 2020 batch, is also announcing that it has raised USD 4.6 million in seed funding from Twitch co-founder Kevin Lin, SignalFire, YC, CRV and Coatue.
With the Karat Black Card, the startup is giving creators a credit card that they can use for their business-related expenses. When creators are approved, they receive a USD 250 bonus that can be applied to any future purchases of electronics or equipment. The card also comes with custom designs, 2% to 5% cash back on purchases and it also offers advances on sponsorship payments, according to TechCrunch. Instead of looking at credit scores, Karat focuses on the size of a creator’s following, their current revenue and whether they’re ‘business savvy.’
Karat has already provided the card to an initial group of creators. For now, the card is aimed at professional, full-time creators who have at least 100.000 followers.
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright