Karbon Card launches Payout product for start-ups

April 08, 2022

Karbon Card, a corporate card provider and an emerging Neobank for the new age start-ups and SMBs, has announced the launch of Payout product makes vendor and salary payments simpler and quicker.

Small businesses and start-ups frequently observe it trying to deal and interact with large banks’ corporate banking divisions for different reasons. The experience is, for the most part, non-singular and the organizations don’t find a uniform experience while managing their current accounts, doing payout, or even accessing their corporate cards,

Retail banking has been modernized but corporate banking products actually have an ‘inheritance’ feel to them. To solve this challenge, Karbon Card, which counts Y Combinator, Ramp, and Olive Tree Capital as its significant investors, has rolled out the Payout product.

Some of the unique features of the new Payout product include basic Maker Checker, Bulk Payout, Advanced Notification, a painless and modern current UX and an option to send payment links (for recipients). The finance team can get to every one of their cards and seller payment on a single platform. A lot of our clients have begun using Payout to make even basic payments, like month to month salary disbursal.

Talking about the launch, Kartik Jain, Co-author, Karbon Card said, “Imagine a situation when the financial team has to manage corporate cards from five unique banks alongside a few current records. It turns into a bad dream to manage vendor payments, reconciliation, manage leaks if any, each and every day. Our Payout feature is a basic and one-stop solution for a wide range of banking and payment requirements. It is all that a bank offers and a lot more.”