TechFlow News, June 18: According to an official announcement, Galaxy Ventures has led a $15 million Series A funding round for Karta. The total financing round amounts to $140 million, including a $125 million credit facility provided by Community Investment Management.
Galaxy Ventures stated that Karta achieved tenfold growth in 2025 and saw its revenue and total payment volume (TPV) increase fourfold quarter-over-quarter in Q1 2026, targeting an annualized TPV of $1.2 billion by year-end. Karta is a new U.S. credit card designed for global travelers, enabling applications without a U.S. Social Security Number (SSN).



