# Karat Financial

> Karat Financial is a Los Angeles-based fintech building banking, credit cards, and financial tools for the creator economy. Founded in 2019 by Eric Wei and Will Kim, Karat underwrites digital creators and influencers using their social metrics and online business performance rather than traditional credit signals, giving YouTubers, streamers, and other entrepreneurs access to credit, banking, payments, and AI-powered bookkeeping that legacy banks routinely deny them.

- **Founded:** 2019
- **Headquarters:** Los Angeles, California, United States
- **Founders:** Eric Wei (Co-Founder & Co-CEO), Will Kim (Co-Founder & Co-CEO)
- **Team size:** Approximately 34 employees
- **Products:** Karat Card, Karat Max Card, Business Banking, AI Bookkeeping, Payments
- **Notable:** Raised over $100M in total funding across multiple rounds., Launched a Visa-partnered creator business card in 2023., Pioneered underwriting creators based on social metrics rather than traditional credit signals.

## Products & services

- **Karat Card** — A business credit card for creators that underwrites applicants using social metrics and online business performance, helping them build personal and business credit history.
- **Karat Max Card** — A premium card tier with higher spending limits and additional creator-focused benefits and rewards.
- **Business Banking** — Business banking accounts designed for creator-led companies, including checking and cash management features.
- **AI Bookkeeping** — Automated, AI-assisted bookkeeping that tracks creator income streams and expenses across platforms.
- **Payments** — Payment processing and money-movement tools for creator businesses.
- **Mobile App (iOS)** — An iOS app to manage cards, banking, and finances on the go.
- **Tax & Concierge Support** — Tax-season assistance and concierge financial support tailored to creators' unique income.

## Achievements

- Raised over $100M in total funding across multiple rounds.
- Launched a Visa-partnered creator business card in 2023.
- Pioneered underwriting creators based on social metrics rather than traditional credit signals.
- Built a backer roster that includes top creators who are also customers.
- Backed by Y Combinator, Union Square Ventures, SignalFire, GGV, CRV, and Will Smith's Dreamers VC.

## Latest updates

- **2023-07** — Closed a $70M Series B ($40M equity led by SignalFire plus $30M debt from TriplePoint Capital) and launched a creator business card in partnership with Visa.
- **2021-07** — Raised a $26M Series A led by Union Square Ventures to build financial infrastructure for creators.
- **2020** — Launched its first product, the Karat Black Card, with $4.6M in seed funding.

## Links

- Website: https://www.trykarat.com
- LinkedIn: https://www.linkedin.com/company/trykarat
- Twitter/X: https://twitter.com/trykarat
- Instagram: https://www.instagram.com/trykarat/

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Profile page: https://yespress.io/karat-financial
Published by YesPress — https://yespress.io
Last updated: 2026-06-14