Miami-Based Fintech Karta Announces $5.4M Financing

Gunderson Dettmer represented client Karta, a tailored US credit card solution for Latin American residents with US assets, in its $5.4 million financing led by Canary with participation from Clocktower and FJ Labs. The Miami-based company has around three thousand users of its card, which was launched last November and currently has six thousand people on the waiting list to use the app.

Karta will use the new capital to expand its marketing efforts following the departure of American Express, which is closing its dollar account division for foreign customers.

In the announcement of the transaction, Karta founder and CEO Freddy Juez said, “We want to capitalize on this market that Amex is leaving.”

The Gunderson deal team was led by Christel Moreno and included Rafael Bellaver and Sarah Winkelstein.

Companies
Karta
Canary
Clocktower
FJ Labs