# Carta Solutions Holding Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/carta-solutions-holding

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.cartaworldwide.com
- Total disclosed funding: $7M
- Latest round: Series D (Sep 15, 2014)
- Investors on record: 2

## About

Carta Solutions Holding Corporation delivers innovative issuer processing and payment solutions, specializing in advanced card issuance platforms that cater to a diverse range of clients, including fintech companies and banking institutions.Founded in 2007 and headquartered in Toronto, Canada, Carta Solutions specializes in issuer processing and payment solutions. The company’s founders, Rob Willemsen and Rui Mendes, have previously established other ventures. In November 2020, the company was acquired by Mogo Finance Technology for CAD 24.2 million, a transaction aimed at enhancing Mogo's market presence and revenue scaling. The latest funding round, the TRADE SALE, raised a total amount of CAD 24.2 million, coinciding with the entire amount raised.Carta Worldwide specializes in modern issuer processing and payment solutions, primarily focusing on a technologically advanced card issuance platform. They offer comprehensive services for Debit, Prepaid, and Credit Card issuance, customizable for both physical and virtual cards. Carta's solutions empower clients, including fintech companies and banks, to create innovative payment products that address the evolving demands of consumers and businesses. Their platform supports various use cases such as corporate payments, expense management, and digital lending, allowing users to manage transactions in real-time and integrate into a modern global payment ecosystem.Carta Worldwide's revenue model is based on partnership-driven transactions with fintech firms and banks, utilizing the company's API-driven platform to manage card programs. Clients pay subscription fees for platform access, alongside transaction fees for each card issued. The modular nature of Carta's offerings allows clients to customize features, influencing the overall pricing structure. Their range of issuer processing solutions facilitates secure money movement across various devices and channels, emphasizing their role in the expanding digital payments market.Post-acquisition by Mogo in January 2021, Carta aims to leverage its new resources to enhance its product offerings, targeting the launch of innovative payment solutions in the coming years. The company is focused on expanding into emerging markets beyond North America and Europe. The recent funding will support these initiatives by scaling operations and improving technological capabilities, thereby facilitating the development of new products tailored to meet the needs of these growing markets.

## Funding rounds

- Series D, Sep 15, 2014, $7M — D.C. Thomson & Co. Ltd., Orion Digital Corp.

## Investors

- D.C. Thomson & Co. Ltd. — Series D
- Orion Digital Corp. (https://capitalatlas.ai/funds/orion-digital-corp) — Series D