# Karma Wallet

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/karma-wallet

- Industry: Financial Services
- Headquarters: Wake Forest, US
- Website: www.karmawallet.io
- Total disclosed funding: $5.5M
- Latest round: Seed (Nov 28, 2023)
- Investors on record: 1

## About

Founded in 2019 and based in North Carolina, US, ImpactKarma Inc., trading under the name Karma Wallet, operates as a financial technology that provides a reloadable prepaid debit card to manage finances while tracking the social and environmental impact of each transaction. The company was co-founded by Kedar. In January 2024, Karma Wallet raised USD 2 million in venture funding from investor Triangle Tweener Fund.   

The company's financial platform includes the Karma Wallet Visa Card, a reloadable prepaid debit card that provides real-time insights into the social and environmental impact of spending. The company evaluates various companies for their social and environmental impact and collaborates with local, sustainable, and ethical brands to prioritize sustainability. The reloadable card, accepted wherever Visa is, automatically donates to nonprofits, plants trees to offset emissions, and provides meals to those in need without additional user costs. The Karma Wallet app features a dashboard displaying spending impact and evaluations of over 15,000 brands, enabling cardholders to make purchasing decisions in line with their values. The card allows members to actively contribute to causes they support.

## Funding rounds

- Seed, Nov 28, 2023, $5.5M — Triangle Tweener Fund

## Investors

- Triangle Tweener Fund (https://capitalatlas.ai/funds/triangle-tweener-fund) — Seed