# Interropac Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/interropac-private

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.karboncard.com
- Total disclosed funding: $16M
- Latest round: Series A (Aug 5, 2021)
- Investors on record: 7

## About

Interropac Private Limited, based in India, specializes in fintech solutions, primarily offering foreign remittance services and corporate expense management through innovative prepaid card products.Founded in 2019 in Bangalore, India, Interropac Private Limited focuses on providing technology-driven financial solutions. The company has executed 6 significant deals, with their most recent deal in May 2022, raising INR 550 million in VENTURE DEBT from investors such as Northern Arc Capital and Oxyzo Financial Services Pvt. Ltd. The firm was co-founded by Amit Jangir, Bo Li, Kartik Jain, and Pei-fu Hsieh, with Pei-fu Hsieh currently serving as CEO. To date, the company has raised a total of INR 12 million.Interropac's flagship service, Karbon Business, delivers fintech solutions tailored for Indian enterprises, emphasizing foreign remittance and corporate expense management via prepaid cards. Their platform facilitates global payments with competitive transaction fees, aiming to streamline financial management for a diverse clientele including freelancers, exporters, and startups engaged in international transactions.For the year 2022, Interropac Private Limited reported a revenue of INR 2,463,589.50 and an EBITDA of INR 278,044.90, reflecting their operational efficiency and commitment to their services.Following their most recent funding round in May 2022, where they secured INR 550 million, Interropac intends to leverage the capital to enhance their product offerings, specifically by empowering startups and SMBs with corporate credit cards tailored for flexible growth capital. The company aims to expand its market reach, focusing on developing additional services that will assist businesses in managing their financial needs more effectively.

## Funding rounds

- Series A, Aug 5, 2021, $15M — Mercury, Harmony Partners, Orios Venture Partners, Avenir Growth Capital, Ramp Business Corporation, Olive Tree Capital
- Seed, Apr 22, 2020, $1M — Orios Venture Partners, Whiteboard Capital

## Investors

- Orios Venture Partners (https://capitalatlas.ai/funds/orios-venture-partners) — Seed, Series A
- Whiteboard Capital (https://capitalatlas.ai/funds/whiteboard-capital) — Seed
- Mercury (https://capitalatlas.ai/funds/mercury) — Series A
- Harmony Partners (https://capitalatlas.ai/funds/harmony-partners) — Series A
- Avenir Growth Capital (https://capitalatlas.ai/funds/avenir-growth-capital) — Series A
- Ramp Business Corporation — Series A
- Olive Tree Capital (https://capitalatlas.ai/funds/olive-tree-capital) — Series A