Karta.io joins Visa’s Fintech Fast Track program
Karta.io is partnering with Visa to develop a full-service financial platform for e-commerce to simplify financial management and expense control.
NEW YORK
–News live–
(500NewsWire)— American startup Karta.io, the financial operating system for e-commerce teams, announced today that it has joined Visa’s Fintech Fast Track program. Through the program, Karta.io will have access to the tools and resources needed to scale its business using the reach, capabilities and security that VisaNet, Visa’s global payment network, offers.
Through Visa’s Fintech Fast Track program, Karta.io is now able to build and expand new spending management experiences for businesses and build a financial ecosystem to manage the company’s cash flows with advanced tools for organizing expenses and controlling business finances.
Karta.io provides a single platform for e-commerce businesses to understand, operate and grow their business. It works to provide e-commerce budget automation, easy-to-understand working capital insights, business accounts and unlimited virtual cards. Built to regain control of business budgets, it offers multiple virtual cards with one click, spending rules for each user, effortless team management and real-time expense tracking. Built by serial e-commerce and fintech entrepreneurs, the service strives to solve the problems e-commerce companies face in daily financial processes.
“The e-commerce market is exploding in terms of revenue and active businesses. E-commerce teams rely on patching together a financial stack from multiple vendors for banking, accounting, tax and credit – none of which are designed for their needs. When a business starts to grow, teams need to track the numbers daily. Multiple transactions and budgets build complexity. Teams have trouble keeping track and cash forecasting becomes a major challenge. This results in teams going to the DIY solution realm and losing money on processes, departments, software, and software control .This is becoming a major problem for the rapidly growing global e-commerce market: eMarketer predicts it will reach $6 trillion by 2024,” said Nik Zimarkov, CEO of Karta.io.
Visa’s Fintech Fast Track Program will give Karta.io access to Visa’s growing partner network, and support from experts who will help the company reach the next level of functionality in the most efficient way. The program provides turnkey access to Visa’s ecosystem partners, online licensing and APIs, and comprehensive go-to-market toolsets, analytics and consulting platforms. Learn more about Visa’s Fintech Fast Track program at
“Karta.io has always emphasized innovation and our partnership with Visa now gives us the resources to support our initiatives as we rapidly scale,” said Nik Zimarkov, CEO of Karta.io. “Visa’s Fintech Fast Track program is a very strong project that can change the future of the financial industry. We are proud to be part of this program”.
“At Visa, we understand that a shift to e-commerce has affected how businesses both spend and receive money.” said Vanessa Colella, SVP and Global Head of Innovation and Digital Partnerships at Visa. “By joining Visa’s Fintech Fast Track program, exciting Fintechs like Karta.io gain unprecedented access to Visa experts, technology and resources to effectively scale and bring innovative solutions to market.”
About Karta.io
Financial platform designed for e-commerce. Karta.io offers business accounts, smart virtual cards, transparent credit, cash flow insights and budgeting tools to help businesses meet their financial goals and grow faster.
Media contact:
Anna Nowak
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