Karmic designs payment and expense-management technology delivered through a mobile application to help business owners, employees and third-party contractors manage and control spending. Its platform lets users add, send and remove money and implement spending controls and limits for employees and subcontractors. Customers include large companies, banks, payment processors and payment networks. The company is led by CEO Mario Furgiuele. Karmic raised $17.2M in a Series B financing and intends to use the funds to expand its enterprise-focused business. In conjunction with the round, two industry veterans joined Karmic’s board of directors.

Total raised

$17M

Funding rounds

1

Latest round

Series B

Latest activity

Jul 2017