# Eric Wei

> Eric Wei is the cofounder and co-CEO of Karat Financial, the Los Angeles fintech building banking, credit, and tax tools for full-time content creators. A Harvard economics grad who passed through Blackstone, McKinsey, and a product role on Instagram Live, Wei left big tech to build the bank that creators - who often earn six and seven figures yet get rejected by traditional underwriters - couldn't get anywhere else. Karat's flagship Black Card approves applicants on income and audience metrics rather than FICO scores. The company has raised over $100 million from SignalFire, Union Square Ventures, GGV, Y Combinator, Visa, and a roster of top creators, and partners with Visa to issue cards.

- **Role:** Cofounder & Co-CEO at Karat Financial
- **Organizations:** Karat Financial, Instagram, Facebook, McKinsey & Company, The Blackstone Group
- **Nationality:** American
- **Education:** A.B. in Economics, Secondary Field in Psychology, Harvard University, Valedictorian and Senior Class President, Moorestown High School
- **Known for:** Cofounded and co-leads Karat Financial, a creator-focused fintech valued in the creator-economy vanguard, Raised over $100 million for Karat from SignalFire, Union Square Ventures, CRV, GGV, Y Combinator and others, Built the Karat Black Card, which underwrites creators on income and audience metrics instead of FICO scores

## Career timeline

- **2013** — Joined The Blackstone Group in Restructuring & Reorganization
- **2014** — Became a Consultant at McKinsey & Company
- **2016** — Joined Facebook as a Product Manager; met cofounder Will Kim
- **2017** — Moved to Instagram as a Product Manager, building products for creators including Instagram Live
- **2019** — Cofounded Karat Financial with Will Kim, serving as co-CEO
- **2023** — Karat closed a $70M Series B and announced a Visa partnership; total raised passed $100M

## Achievements

- Cofounded and co-leads Karat Financial, a creator-focused fintech valued in the creator-economy vanguard
- Raised over $100 million for Karat from SignalFire, Union Square Ventures, CRV, GGV, Y Combinator and others
- Built the Karat Black Card, which underwrites creators on income and audience metrics instead of FICO scores
- Secured a first-of-its-kind Visa partnership for the creator economy
- Drove 50-70% month-over-month organic growth in Karat's first year without paid influencer marketing
- High school valedictorian and senior class president; Harvard economics graduate

## Latest updates

- **2023-07** — Karat Financial closed a $70M Series B ($40M equity led by SignalFire, $30M debt from TriplePoint Capital) and announced a Visa partnership, pushing total funding past $100M.

## Links

- Website: https://trykarat.com
- LinkedIn: http://www.linkedin.com/in/eric-wei-43078068
- Twitter/X: https://twitter.com/trykarat
- YouTube: https://www.trykarat.com/the-karat-podcast
- Instagram: https://www.instagram.com/erictway/

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Profile page: https://yespress.io/eric-wei
Published by YesPress — https://yespress.io
Last updated: 2026-06-12