Miami fintech Karta completes $15 million Series A funding led by Galaxy Ventures

CoinFeed June 19 news, according to Fortune, Miami fintech company Karta announced the completion of a $15 million Series A funding round, led by Galaxy Ventures, with participation from Illuminate, Canary, Clocktower Ventures, and others, and received a $125 million credit facility from CIM. Karta issues U.S. credit cards with limits up to $200,000 to non-U.S. residents with assets in the U.S. through partner banks, without requiring a Social Security number or ITIN, and applications can be approved within minutes. Users can first use a virtual card, with a physical Visa card mailed later, and account alerts, disputes, and concierge services are primarily handled via 24/7 WhatsApp.