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    Home » Karbon Card launches Payout product for Startups and SMBs for faster vendor payments
    Fintech

    Karbon Card launches Payout product for Startups and SMBs for faster vendor payments

    Backed by Y Combinator, Ramp and Olive Tree Capita, Karbon Card aims to modernise corporate banking products which still carry a legacy feel. 
    April 8, 2022Updated:April 12, 20222 Mins ReadBy editor
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    Karbon Card, corporate card provider and a Neobank for the new-age startups and SMBs, launched its  Payout product to make vendor and salary payments easier and faster.

    It aims to provide a better experience as compared to current one where it is mostly  non-singular and the businesses don’t find a uniform experience while dealing with their current accounts, doing payout or even accessing their corporate cards, it said in a statement.

    Backed by Y Combinator, Ramp and Olive Tree Capita, Karbon Card aims to modernise corporate banking products which still carry a legacy feel.

    Kartik Jain, Cofounder, Karbon Card said, “Imagine a situation when the finance team has to manage corporate cards from five different banks along with several current accounts. It becomes a nightmare to manage vendor payments, reconciliation, manage leaks if any, every single day. Our Payout feature is a simple and one-stop solution for all kinds of banking and payment needs. It is everything that a bank offers and a lot more.”

    The new Payout product includes features like simple Maker Checker, Bulk Payout, Advanced Notification, a painless and modern UX and an option to send payment links (for beneficiaries). The finance team can access all their cards and vendor payments on a single platform.

    Karbon is also offering a best-in-class 12% discount on AWS, the largest cloud service provider in India. Many customers (especially startups) are excited to avail this reward due to significant monthly savings, it said in a statement.

     

    Card corporate card Fintech Karbon
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