[Galaxy Ventures and CIM Lead $15 Million Series A Funding for Karta] According to official sources, Galaxy Ventures and Community Investment Management jointly led a $15 million Series A funding round for Karta. The total scale of this round reached $140 million, including a $125 million credit facility provided by Community Investment Management. Karta achieved 10x growth in 2025, with Q1 2026 revenue and total payment volume increasing 4x quarter-over-quarter. The target is to reach an annualized total payment volume of $1.2 billion by the end of the year. Karta is a new type of U.S. credit card designed for global travelers, allowing applications without a U.S. Social Security Number (SSN).
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