Karma Wallet builds a reloadable prepaid debit card and companion app that surface real-time social and environmental impact data for each purchase. The company announced the launch of the Karma Wallet Card, which pairs with a dashboard that provides impact evaluations for 15,000+ brands. Cardholders can earn cashback rewards and route support to reforestation efforts and local food security initiatives on select purchases. The platform is designed to help consumers turn daily and recurring expenses into direct social action that reflects individual values. Leadership is led by CEO Jayant Khadilkar alongside Kedar Karkare, PhD. The article reports the company raised funding but does not disclose operating metrics or detailed financials.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2024