The company said the new card will help startups and small businesses that are constantly facing challenges, causing disruptions in their day-to-day operations and forced to use multiple payment instruments. It will help them regain control over their finances also offer users uncapped cashback of upto 1%, it said in a statement.
“We listened to our customers, understood the needs of the market, and brainstormed an alternative that is easy to use,” said Kartik Jain, co-founder at Karbon Card, adding that unlike other prepaid instruments like UPI and debit cards, Karbon’s new card provides cashback offers, incentivizing people for their spends.
Fintech Karbon Card has launched a Visa-powered prepaid card aimed at small and medium-sized businesses (SMBs), which offers users up to 1% cashback on transactions. The product, which is designed to help business users regain control over their finances and pay bills on Google, Amazon, Swiggy, Ola, and other platforms, expects to see more than 5,000 businesses sign up in the first year, according to the company. Karbon Card raised $27m in two rounds prior to the launch of the new card.