Karta

What is Karta?

Karta.io is a crypto-first financial platform that enables businesses and freelancers to manage crypto payments, issue stablecoin-backed Visa cards, and make crypto-to-fiat payouts—all from a single dashboard. Launched in January 2021 by CEO Nik Zimarkov and headquartered in Redwood City, California, Karta serves Web3 teams, marketing agencies, e-commerce businesses, and freelancers globally.

The platform bridges the gap between cryptocurrency and traditional finance by allowing users to fund accounts with USDT or USDC stablecoins and spend those funds anywhere Visa is accepted. With MPC-powered non-custodial wallets, multi-chain support, and team expense management tools, Karta positions itself as a comprehensive crypto treasury solution for modern businesses operating in the Web3 economy.

Key Features

Stablecoin Wallet

• MPC-powered non-custodial wallet (you control your keys)
• Dollar-backed stablecoin storage (USDT, USDC)
• 0% fees on wallet transfers
• Unlimited transfers
• Multi-chain support across 8 major networks
• Private key shares stored in isolated secure hardware enclaves

Supported Blockchain Networks

• Ethereum
• Tron (TRC20)
• Polygon
• Base
• Optimism
• Avalanche
• Arbitrum
• ZKsync

Stablecoin-Backed Visa Cards

• Unlimited virtual cards with custom limits
• Merchant category controls
• Instant freeze/unfreeze
• Works at 60+ million Visa merchants worldwide
• On/off-ramp capability
• Visa Signature card (issued via Banco Popular de Puerto Rico partnership)

Crypto-to-Fiat Payments

• Send WIRE, ACH, SWIFT payments directly from crypto wallet
• Pay partners, employees, contractors, and creators
• Receive USD via ACH, SEPA, or Wire transfers
• Instant conversion from stablecoin to fiat

Teams & Budget Management

• Set budget limits for departments or individuals
• Delegate budgets to managers
• Employee self-service spending within approval limits
• Real-time expense analytics
• Holds, spends, and declines tracking
• Top expenses by buyers and cards

Multi-sig (Coming Soon)

• Multi-party approval for transactions
• Threshold-based signatures
• Reduced single-point-of-failure risk

API Integration

• Scalable APIs for crypto businesses
• Connect transactions, spend, and reports to your own dashboard
• Developer documentation available

Karta Personal (Consumer Product)

• Launched August 2025
• Individual stablecoin Visa card
• Zero-fee USDT/USDC top-ups
• Global spending at Visa merchants
• No bank account required

Pricing & Fees

Business Account (Starter Plan)

Category	Fee	Notes
Deposits
Crypto Deposit	0%	$5.90 fee for TRC20 network only
Bank Transfer	0.5%	ACH/Wire (coming soon)
Card Fees
Card Issuance	$0.50	Free cards included in plan
Card Payment Fee	1.5% + $0.10	Applied to settled transactions
Foreign Exchange Fee	1%	Non-USD transactions
Cross-Border Fee	1%	Merchant outside US

Example Transaction Costs (Business):

Transaction Type	Amount	Total Fee
Domestic (US, USD)	$100	$1.60
Cross-border (non-US, USD)	$100	$2.60
Cross-border + FX (non-US, non-USD)	$100	$3.60

Freelancer Account (Starter Plan)

Category	Fee	Notes
Deposits
Crypto Deposit	0%	$5.90 fee for TRC20 network only
Bank Transfer	0.5%	ACH/Wire (coming soon)
Card Fees
Card Issuance	$3.00
Card Payment Fee	1.5%	Applied to settled transactions
Foreign Exchange Fee	1% + $0.50	Non-USD transactions
Cross-Border Fee	1% + $0.50	Merchant outside US
Cross-Border Attempt	$0.50	Applies to declined/reversed non-US transactions

Example Transaction Costs (Freelancer):

Transaction Type	Amount	Total Fee
US Transaction (USD)	$100	$1.50
Cross-border (USD)	$100	$3.50
Cross-border + FX	$100	$5.00

Pro Plan Benefits

• 1% cashback on eligible purchases (selected merchant categories)
• Additional features and limits

Who Is Karta For?

Ideal Users:

• Web3 Businesses: Teams needing reliable crypto-to-fiat payments with zero hidden fees
• Marketing Agencies: Ad spend management with virtual cards for Facebook, Google, TikTok, Taboola
• Freelancers: Get paid and pay in stablecoins without company setup
• E-commerce Businesses: Track subscriptions, manage team spending, automate finances
• Digital Nomads: Spend crypto globally without local bank accounts
• Remote Teams: Manage international contractor and employee payments

Use Cases:

• Ad account funding (unlimited cards per campaign)
• Payroll and contractor payments
• SaaS subscriptions management
• Team expense control
• Treasury management for crypto-native companies

Not Suitable For:

• Traditional businesses without crypto exposure
• Users requiring physical card (virtual only currently for business)
• Those needing lending or credit products
• Users in unsupported countries

Onboarding Process

Verification Time:

• Freelancer KYC: Up to 5 minutes
• Business KYB: Up to 15 minutes

Account Types:

1. Business Account: Requires registered legal entity verification (company + owner ID)
2. Freelancer Account: Personal ID verification only (no company required)

Steps:

1. Click "Get Started"
2. Choose account type (Business or Freelancer)
3. Complete verification (KYC/KYB)
4. Fund account with USDT or USDC
5. Issue virtual cards and start spending

Security Features

MPC Technology (Multi-Party Computation)

• Private key shares generated in isolated secure hardware enclaves
• Keys never combined—eliminates single point of compromise
• Distributed across multiple cloud centers
• Multi-stage signing process

Additional Security

• Detailed action audit trails
• Compliance-ready logging
• Real-time transaction monitoring
• Card freeze/unfreeze controls
• Spending limits and merchant controls

Compliance

• Cards issued in partnership with Banco Popular de Puerto Rico (Member FDIC)
• Visa U.S.A. Inc. licensed
• AML/KYC policies enforced
• USA Patriot Act compliance

Note: Karta Finance is a financial technology company, not a bank, and is not FDIC insured.

Platform Statistics

• 980+ active teams
• 99.9% platform uptime
• 440M total transactions
• $19M+ transaction volume
• Available in 150+ countries

Supported Deposit Methods

Crypto Wallets:

• Binance
• Coinbase
• MetaMask
• Phantom
• Other major wallets

Stablecoins:

• USDT (Tether)
• USDC (USD Coin)

Bank Transfers (Coming Soon):

• ACH
• Wire
• SEPA

Pros & Cons

Pros:

• Zero-fee crypto deposits (except TRC20)
• MPC-powered non-custodial security
• Multi-chain support (8 networks)
• Unlimited virtual cards
• Fast onboarding (5-15 minutes)
• Team budget and expense management
• Real-time analytics dashboard
• API for custom integrations
• 1% cashback on Pro plan
• Global Visa acceptance (150+ countries)
• No company required for freelancer accounts

Cons:

• Transaction fees can add up (1.5% + cross-border + FX)
• Virtual cards only (no physical cards for business yet)
• Limited to stablecoins (no volatile crypto support)
• Bank transfers still "coming soon"
• Not a bank—no FDIC insurance on crypto holdings
• Higher fees for freelancer accounts
• TRC20 deposits carry $5.90 fee

Company Information

• Founded: January 2021
• CEO & Co-Founder: Nik Zimarkov (Nikita Zimarkov)
• CFO: Anatoly Weinstein
• CPO: Stephen Zin
• Headquarters: Redwood City, California, USA
• Legal Entity: Karta Finance Inc.
• Funding Stage: Pre-Seed
• Card Issuing Partner: Banco Popular de Puerto Rico (Member FDIC)
• Card Network: Visa

Integrations & Partners

• Visa
• Banco Popular de Puerto Rico
• Sumsub (KYC/KYB)
• Major blockchain networks (Ethereum, Tron, Polygon, etc.)

Conclusion

Karta.io offers a compelling solution for Web3-native businesses and freelancers who need to bridge cryptocurrency holdings with real-world spending. Its stablecoin-first approach eliminates volatility concerns while providing the flexibility of multi-chain deposits and Visa card spending in 150+ countries. The team management features, unlimited virtual cards, and expense analytics make it particularly valuable for marketing agencies and remote teams managing ad spend across multiple platforms. While transaction fees can accumulate for international use, the zero-fee crypto deposits and fast onboarding provide a strong entry point for crypto-savvy businesses looking to simplify their treasury operations.