PANews|Jun 18, 2026 00:24
[Galaxy Ventures Announces Co-Leading $140 Million Series A Funding for Karta with CIM]
According to official sources, Galaxy Ventures has announced that it is co-leading a $140 million Series A funding round for Karta with CIM. Galaxy Ventures stated that Karta is projected to grow tenfold by 2025, with revenue and total payment volume increasing fourfold quarter-over-quarter in Q1 2026, aiming for an annualized total payment volume of $1.2 billion by the end of the year. Karta is a new U.S. credit card designed for global travelers, allowing applications without a U.S. Social Security Number (SSN).
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