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SBM Bank India, Karbon partner to launch 1st startup-friendly Corporate Credit Card

Sidharth Rath, MD, and CEO, SBM Bank India

SBM Bank India today announced its partnership with Karbon to come together towards the launch of Karbon Card – India’s first startup-friendly corporate credit card.

Each corporate credit card also comes with a state-of-the-art expense management solution bundled with several reward programs comprising relevant offers from AWS, Freshworks, MakeMyTrip, etc. Karbon Card also helps its customers network with venture capital players as well as empowering them to manage funds raised from their investors, the bank said in a statement.

Commenting on the partnership, Sidharth Rath, MD, and CEO, SBM Bank India, said, “We firmly believe in Collaborative Banking – as the future lies in coming together of like-minded institutions to expand the market by creating more value per interaction for the target customers. Our focus is on enriching the ecosystem through collaborations. Our partnership with Karbon is a testament to our commitment to lead this narrative. With Karbon Card we have taken one more step towards Collaborative Banking – realizing our vision of shaping banking to be a synergic platform for our customers and partners.”

Commenting on the launch, Peifu Hsieh, CEO, Karbon, said, “I’m happy to say that the relationship with SBM & Karbon has been amongst the best bank partnerships we have had globally. We have a great product in a place with one of the most startup-friendly banks in the country. The close symbiotic relationship enables us to redefine the way Indian corporates spend, moving from just a credit card to a payment solution.”

The Government of Mauritius promoted  SBM Bank India is the first bank to receive a universal banking license from the Reserve Bank of India to set up and operate as a Scheduled Commercial Bank in the country. The Bank offers a diverse suite of universal products and services to its customers which include Deposits, Advances, NRI Services, Treasury Products and Trade Finance Services.

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