sunil_loanmeet

Joined 10 years ago

Karma
10
Submissions
17
Member since
Oct 4
Co-founder of Karbon cards
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Recent submissions

Comment · 10 months ago
What about computer games such as age of empires ? Can we play regular computer games ?
Comment · 5 years ago
I am in the current batch, and I had similar thoughts that author implied in the beginning - large number of Startups in batch , how remote would work , and how remote would affect fundraising .

I feel remote or some kind of hybrid is here to stay since it is better - work in your home country or hometown , no commute needed for office hours , exposure to more VCs via remote , and flexibility to move out of a session if it is not relevant or you are feeling sleepy.

The real downsides are below and our partners shared the same in beginning . 1. Less interactions with your batchmates and random chat on all kinds of topics 2. Exposure to the SF area that most international founders do not have 3. Parties at restaurants - not shared by partners

I love YC, so my opinion might be biased . YC is best and 10X better than anything I know or heard of.

Comment · 5 years ago
Yes, a couple of Karbon founders are repeat founders.

3 founders are from India, and 3 are from China. It is not easy to launch a fintech product in China, but we would be able to overcome that since half the team is in China.

Comment · 5 years ago
As of now, we can only offer our product to Indian companies. This is a regulatory requirement for corporate cards.
Comment · 5 years ago
The most challenging part in the beginning is finding a good partner bank.

Once you found a banking partner, you need to win trust of your potential customers, as customers only want to work with trusted financial entities even when you are giving credit.

Once the above two issues are sorted, the compliance issues drown fintech startups. There is always something new one needs to do every month.

Comment · 5 years ago
Hello Sagar,

Our cards work on AWS. On monthly basis, our cards process around Rs. 5 Crores worth of transactions on AWS. Plus, your company might qualify for flat 2% discount on your AWS bills.

There are other features as well that you would love when you switch to Karbon. Unlike other companies, we are focused on cards, and our cards are the best in the industry.

Send an email with your coordinates ( email and phone number ) to [email protected], and we can then share additional details with you.

Comment · 5 years ago
My cofounder, Amit, came up with the name Karbon (Carbon)- the basic element of organic matter or life.

We give minimum of 0.5% cashback of prepaid cards, and one of our customers suggested us to donate that cashback to charities. I liked your idea of carbon offset credits. It is something we could consider doing in later stages of our company.

Comment · 5 years ago
Comment · 5 years ago
Hello Sudhir. We recently switched to VISA, and we are giving VISA cards to our new customers. Life is good !
Comment · 5 years ago
Comment · 5 years ago
Comment · 5 years ago
Thank you for your valuable feedback.

It is difficult to incorporate a company in India, especially if you need it to make a subsidiary of an Indian company.

We are planning to add bank accounts in the near future. Our existing customers use virtual bank accounts accounts to transfer salaries and vendor payments. https://karboncard.freshdesk.com/support/solutions/articles/...

In terms of our approach to customers, we are customer centric, and we try our best to get fast refunds and resolve transaction issues ASAP. We have used our test cards to do transactions on customer's behalf.

When you need a card for an Indian company, do let us know at [email protected]. We will get you the card on the same day, and you would love the experience.

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