Karma Wallet: Funding, Investors & Team (Oct 2026)
Karma Wallet is a platform that provides personal finance technology services. It evaluates companies based on their social and environmental initiatives, and offers users insights on how their daily shopping affects the world. By adopting a "credit score for sustainability," our Karma Score system motivates individuals to carefully consider the values of the businesses they engage with. Users can receive cashback by choosing more sustainable brands, balance out their shopping-related carbon emissions, and assess the impact of their everyday transactions. Karma Wallet was established in 2019 and operates from Raleigh, NC, USA.
Karma Wallet has raised $6.3M across 3 funding rounds on record, the most recent a Seed of $5.5M announced in Dec 2023.
That round is below the $15M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Karma Wallet Company Profile and Key Stats
Latest funding round on record: Dec 2023.
Karma Wallet Funding Rounds
1 of 3 rounds was announced without a disclosed amount and is excluded from the total.
Karma Wallet raised $810k in a Debt Financing announced in Oct 2022.
3 months later, a Pre-Seed was announced in Jan 2023 with no disclosed amount.
11 months later, a Seed of $5.5M was announced in Dec 2023.
Karma Wallet Founders and Leadership Team
No contact details are on record for this team yet.
Karma Wallet Funding Compared to Other Financial Services Startups
Karma Wallet's latest round of $5.5M is below the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Karma Wallet Funding FAQs
What does Karma Wallet do?
Karma Wallet is a platform that provides personal finance technology services. It evaluates companies based on their social and environmental initiatives, and offers users insights on how their daily shopping affects the world. By adopting a "credit score for sustainability," our Karma Score system motivates individuals to carefully consider the values of the businesses they engage with. Users can receive cashback by choosing more sustainable brands, balance out their shopping-related carbon emissions, and assess the impact of their everyday transactions. Karma Wallet was established in 2019 and operates from Raleigh, NC, USA.
How much funding has Karma Wallet raised?
Karma Wallet has raised $6.3M across 3 rounds on record. The most recent is a Seed of $5.5M announced in Dec 2023.
When did Karma Wallet last raise funding?
Karma Wallet's most recent funding round on record is a Seed of $5.5M, announced in Dec 2023.
Who founded Karma Wallet?
FundedIQ lists Kedar Karkare (Founder) at Karma Wallet.
Where is Karma Wallet headquartered?
Karma Wallet is based in Raleigh, North Carolina, United States.
How many employees does Karma Wallet have?
Karma Wallet is in the 11-50 employee band.
How does Karma Wallet's funding compare to other Financial Services startups?
Karma Wallet's latest round of $5.5M is below the $15M median round size for Financial Services companies on FundedIQ across 5,752 tracked companies over the last two years.
About FundedIQ's Karma Wallet Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Karma Wallet is left off this page rather than filled in.
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