Galaxy Ventures leads Karta’s $15M Series A to scale U.S.-issued credit for global HNW users

Galaxy Ventures has led a $15 million Series A round for Karta, a U.S.-issued premium credit card aimed at affluent international users, as part of a $140 million total fundraise that also includes a $125 million credit facility from Community Investment Management (CIM). The capital is intended to support Karta’s growth as it targets high-net-worth (HNW) clients with assets held at U.S. financial institutions but limited access to U.S. credit products.

Karta’s core proposition is a distribution-led underwriting model that relies on private banks, brokerages, and wealth managers rather than traditional U.S. credit scores. The company sets credit limits against verified assets custodied at partner institutions, enabling unsecured credit with monthly charge functionality, zero FX fees, rewards, and invite-only experiences for global HNW customers. Karta is distributed through more than 80 financial institutions including Raymond James, Itau, Interactive Brokers, XP, and Insigneo.

The product is built on stablecoin-powered infrastructure and an AI-native service layer that Galaxy Ventures highlights as a differentiator. Karta offers a 24/7 concierge over WhatsApp that can browse the web, place calls, send emails, and generate one-time virtual cards to execute transactions, handling tasks from travel changes and charge disputes to high-end restaurant and hotel bookings. Galaxy notes that Karta is one of the fastest-growing consumer fintechs it has seen, with revenue and payment volume growing more than 10x in 2025 and a further 4x in Q1 2026.

Galaxy Ventures frames Karta as a wedge into a broader financial relationship with globally mobile wealth, citing the payment card’s daily engagement and interchange economics alongside the potential to layer additional wealth, banking, lending, and other financial products. The firm positions Karta within its thesis on the convergence of financial services, digital assets, and AI, and underscores the distribution advantage of acquiring HNW users via existing private banking and brokerage channels rather than direct-to-consumer marketing.

The deal comes as international clients seek access to dollar-denominated products and U.S. financial infrastructure while facing friction from local tax regimes, FX spreads, and the lack of SSNs or ITINs. With the long-running American Express International Dollar Card program discontinued, Karta is targeting a legacy private-banking segment that has been left without a dedicated U.S.-issued credit solution, as crypto-enabled and AI-enhanced fintechs compete to service global dollar demand.