back Back

Karbon Card launches new Payout product for SMBs

By Leandra Monteiro

April 08, 2022

  • Corporate Banking
  • Corporate Cards
  • India
Share

Karbon CardKarbon Card, India’s dominant corporate card provider and an emerging Neobank for the new-age start-ups and SMBs, has announced the launch of its Payout product to make vendor and salary payments easier and faster.

Small businesses and start-ups often find it challenging to deal and interact with large banks’ corporate banking divisions for various reasons. The experience 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.

In a nutshell, retail banking has been modernised, but corporate banking products still have a ‘legacy’ feel to them. To solve this challenge, Karbon Card, which counts Y Combinator, Ramp and Olive Tree Capital as its major investors, has rolled out the Payout product.

Some of the unique features of the new Payout product include a 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. A lot of our customers have started using Payout to make even critical payments, such as monthly salary disbursal.

Talking about the launch, 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.”

Karbon is also offering a 12% discount on AWS, the largest cloud service provider in India.

Previous Article

April 08, 2022

ImaliPay raises $3m seed to deepen its financial services infrastructure across Africa

Read More
Next Article

April 08, 2022

RITMO closed a $200m debt funding round led by i80 Group and Avellinia Capital

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 13, 2025

Revolut enters Ukraine, launches special edition Clear Sky card

Read More

February 13, 2025

Tabby raises $160m Series E at $3.3bn valuation ahead of IPO

Read More

February 13, 2025

Indian payments startup ToneTag nets $78m in Series B2

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q4 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2024
Know More