Miami-based fintech startup Karta has raised $140 million in new financing as it looks to expand access to U.S.-issued credit cards for globally mobile consumers, private banking clients, and international travelers.
The funding includes a $15 million Series A round led by Galaxy Ventures and a $125 million credit facility from Community Investment Management. The capital will support Karta’s next stage of growth as the company expands its premium card products, corporate card offering, payments platform, and AI-powered concierge tools.
Karta is building a credit card platform for international customers who may have significant assets and strong financial profiles in their home countries but lack a U.S. credit history, Social Security Number, or ITIN. This gap often makes it difficult for non-residents and global travelers to access traditional U.S. financial products.
Karta Targets a Cross-Border Credit Gap
Founded by Freddy Juez and Orlando Espinoza, Karta is focused on serving internationally mobile consumers, including high-net-worth individuals, entrepreneurs, and global banking clients.
Its U.S.-issued credit card is designed for qualified customers who already have relationships with private banks, wealth managers, or financial institutions. Through these partnerships, Karta allows eligible clients to apply for credit without the usual U.S. credit history requirements.
The company works with more than 80 private banks and wealth managers, giving it a distribution model that differs from many direct-to-consumer fintechs. Instead of competing broadly with major consumer card issuers, Karta is positioning itself as a specialized credit infrastructure provider for financial institutions serving global clients.
$140M Funding to Support Premium Cards and AI Concierge
Karta said the new funding will help launch a premium card tier, a corporate card and payments platform, and further development of its AI concierge experience.
One of Karta’s key product features is its WhatsApp-based AI concierge. The tool is designed to help customers manage travel and spending tasks, including booking reservations, creating virtual cards, handling account requests, and assisting with travel-related issues.
The company’s approach reflects a broader fintech trend: financial services are becoming more embedded, personalized, and conversational. For global travelers, that could mean managing payments, cards, reservations, and support through familiar messaging platforms rather than traditional banking portals.
Rapid Growth for Karta
Karta’s fundraising comes during a period of fast expansion. The company said it grew tenfold in 2025, while revenue and total payment volume increased four times quarter-over-quarter in the first quarter of 2026.
Karta is also targeting $1.2 billion in annualized payment volume by the end of the year, signaling investor confidence in demand for cross-border credit products.
For financial institutions, Karta’s model offers a way to provide premium credit products to international clients who may already have significant assets but remain underserved by conventional U.S. credit systems.
Why This Matters for Fintech
Karta’s $140 million raise highlights growing investor interest in fintech companies solving cross-border financial access problems.
As wealth, travel, business ownership, and banking relationships become increasingly global, traditional credit systems often remain tied to local identity and credit history. Karta is trying to bridge that gap by helping financial institutions serve clients whose financial lives span multiple countries.
The company’s growth also points to increasing demand for fintech products that combine credit access, private banking distribution, digital payments, and AI-powered customer service.
For Miami’s fintech ecosystem, Karta’s raise is another sign that the city continues to attract startups building financial products for international markets, particularly Latin America and global wealth management clients.
The Bottom Line
Karta raises $140M at a time when global travelers and non-residents are looking for easier access to U.S. credit products. With backing from Galaxy Ventures and Community Investment Management, the Miami fintech is preparing to expand its card platform, AI concierge, and institutional partnerships.
If Karta can continue scaling through private banks and wealth managers, it could become a key player in the growing market for cross-border credit and premium financial services.