Woofun AI reports that Galaxy Ventures and CIM Group have jointly led a $140 million Series A funding round for Karta. This capital injection supports the company's aggressive expansion strategy in the global travel credit card sector.

Karta has outlined ambitious growth metrics, targeting a tenfold increase in business scale by 2025 and a fourfold rise in revenue and Total Payment Volume (TPV) during Q1 2026. The firm also aims to elevate its annualized TPV to $1.2 billion by year-end. Its core product delivers U.S. credit card services tailored for international travelers, emphasizing a premium financial experience that operates without requiring a Social Security Number (SSN).