Karta Raises $140 Million for Credit-Invisible Travelers’ Card

Travel-focused credit card company Karta has raised $140 million in new funding. The new financing, announced Wednesday (June 17), came in the form of a $15 million Series A round led by Galaxy Ventures and a $125 million debt facility provided by CIM . According to a news release, the new capital will help Kara launch an “elevated tier card for the most demanding clients,” debut a corporate card and payment platform, “and to continue reinventing the global travel concierge experience.” Karta bi