Karbon Card, a B2B payment solution provider, has launched the country's first mobile-based expense management card.

Fintech Karbon Card has launched a Visa-powered prepaid card aimed at small and medium-sized businesses (SMBs), which offers users up to 1% cashback on transactions. The product, which is designed to help business users regain control over their finances and pay bills on Google, Amazon, Swiggy, Ola, and other platforms, expects to see more than 5,000 businesses sign up in the first year, according to the company. Karbon Card raised $27m in two rounds prior to the launch of the new card.

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