The fintech company behind a creator-friendly credit card is extending its own financial resources. Karat Financial has announced a $70 million Series B, which includes $30 million in debt financing from TriplePoint Capital and a $40 million equity round led by SignalFire.
This latest burst of funding is about three times as large as the $26 million Series A Karat announced in 2021. Contributors to the $40 million equity round included a mix of new and returning investors. Union Square Ventures, Crv, and Ggv doubled down on their support of Karat, while Commerce Ventures and Will Smith‘s Dreamers Vc backed the firm for the first time.
Karat has cultivated a strong customer base among professional creators by simplifying transactions that once proved complex. Alongside its Series B, the L.A.-based company has announced a new business card in partnership with Visa. Among other perks, business card holders will receive personal credit building and purchase protection.
This latest burst of funding is about three times as large as the $26 million Series A Karat announced in 2021. Contributors to the $40 million equity round included a mix of new and returning investors. Union Square Ventures, Crv, and Ggv doubled down on their support of Karat, while Commerce Ventures and Will Smith‘s Dreamers Vc backed the firm for the first time.
Karat has cultivated a strong customer base among professional creators by simplifying transactions that once proved complex. Alongside its Series B, the L.A.-based company has announced a new business card in partnership with Visa. Among other perks, business card holders will receive personal credit building and purchase protection.
- 7/19/2023
- by Sam Gutelle
- Tubefilter.com
Fiddlehead are returning this summer with their third studio album Death Is Nothing to Us, due out August 18th on Run for Cover. The indie punks will support the release with a 2023 North American tour, and they’ve shared a sample of it today with the new single “Sullenboy.”
Grief is complicated, and Death Is Nothing to Us sees Fiddlehead vocalist Pat Flynn go through the phases again, and again, and again. The LP’s title embraces the inevitability of loss, but it also seems to raise a challenge: What’s the point in fearing death if the shit we have to deal with while we’re alive is this bad?
“I don’t want people to romanticize grief and depression, myself included,” Flynn explains in a press release. “But I wanted to write about the way loss can perpetuate this feeling of sadness in your life. I didn’t...
Grief is complicated, and Death Is Nothing to Us sees Fiddlehead vocalist Pat Flynn go through the phases again, and again, and again. The LP’s title embraces the inevitability of loss, but it also seems to raise a challenge: What’s the point in fearing death if the shit we have to deal with while we’re alive is this bad?
“I don’t want people to romanticize grief and depression, myself included,” Flynn explains in a press release. “But I wanted to write about the way loss can perpetuate this feeling of sadness in your life. I didn’t...
- 6/7/2023
- by Abby Jones
- Consequence - Music
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.